Brokerages Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) PT at $39.70

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $39.70.

Separately, Robert W. Baird reduced their price objective on Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th.

Bowman Consulting Group Price Performance

Bowman Consulting Group stock opened at $27.79 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. Bowman Consulting Group has a 52-week low of $19.92 and a 52-week high of $42.90. The firm has a market cap of $487.16 million, a PE ratio of -35.18 and a beta of 1.26. The company’s 50 day moving average is $24.39 and its two-hundred day moving average is $26.89.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, Director Stephen A. Riddick sold 2,288 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $28.60, for a total transaction of $65,436.80. Following the sale, the director now owns 20,248 shares of the company’s stock, valued at approximately $579,092.80. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Alan Hickey sold 1,444 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $22.09, for a total transaction of $31,897.96. Following the sale, the insider now owns 196,888 shares of the company’s stock, valued at $4,349,255.92. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,490 shares of company stock valued at $233,837. Insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently bought and sold shares of BWMN. FMR LLC grew its holdings in shares of Bowman Consulting Group by 5.0% during the third quarter. FMR LLC now owns 2,730,755 shares of the company’s stock worth $65,757,000 after purchasing an additional 128,981 shares during the last quarter. Pembroke Management LTD boosted its position in shares of Bowman Consulting Group by 19.8% in the 2nd quarter. Pembroke Management LTD now owns 647,031 shares of the company’s stock valued at $20,569,000 after purchasing an additional 106,926 shares during the period. Emerald Mutual Fund Advisers Trust grew its stake in Bowman Consulting Group by 87.4% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock worth $5,958,000 after buying an additional 87,410 shares during the last quarter. Polar Asset Management Partners Inc. increased its position in Bowman Consulting Group by 16.3% during the third quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock worth $11,627,000 after buying an additional 67,708 shares during the period. Finally, Ovata Capital Management Ltd lifted its stake in Bowman Consulting Group by 189.9% in the second quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company’s stock valued at $2,378,000 after buying an additional 49,000 shares during the last quarter. 63.20% of the stock is currently owned by institutional investors and hedge funds.

Bowman Consulting Group Company Profile

Bowman Consulting Group Ltd. provides a range of real estate, energy, infrastructure, and environmental management solutions in the United States. It offers civil and site engineering services, such as conceptual land planning, environmental consulting and permitting, planning/zoning and entitlements, roadway and highway designs, erosion and sediment designs, stormwater management designs, construction administration, traffic studies, floodplain studies, and utility relocation designs; and commissioning and energy efficiency services comprise construction observation, direct systems functional performance testing, system development readiness checklist, post occupancy review, review of construction documents, deferred/seasonal functional testing, final commissioning report, and commissioning review of submittals.