Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $39.70 Average Price Target from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $39.70.

Several analysts have recently issued reports on BWMN shares. Roth Mkm lowered their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Robert W. Baird lowered their price objective on shares of Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, November 8th.

Bowman Consulting Group Stock Up 0.6 %

BWMN stock opened at $25.32 on Friday. The stock has a market capitalization of $443.86 million, a P/E ratio of -32.05 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.43 and a current ratio of 1.43. Bowman Consulting Group has a one year low of $19.92 and a one year high of $42.90. The company has a 50 day moving average price of $22.87 and a two-hundred day moving average price of $27.59.

Insiders Place Their Bets

In other news, insider Robert Alan Hickey sold 1,444 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $22.09, for a total value of $31,897.96. Following the completion of the transaction, the insider now directly owns 196,888 shares in the company, valued at $4,349,255.92. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gary Bowman sold 4,002 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total transaction of $96,368.16. Following the completion of the transaction, the chief executive officer now owns 919,500 shares of the company’s stock, valued at $22,141,560. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,202 shares of company stock worth $168,400. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in shares of Bowman Consulting Group by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock valued at $7,859,000 after acquiring an additional 27,056 shares in the last quarter. Barclays PLC lifted its position in shares of Bowman Consulting Group by 210.4% in the 3rd quarter. Barclays PLC now owns 21,341 shares of the company’s stock valued at $513,000 after acquiring an additional 14,466 shares in the last quarter. State Street Corp lifted its position in shares of Bowman Consulting Group by 5.8% in the 3rd quarter. State Street Corp now owns 255,259 shares of the company’s stock valued at $6,147,000 after acquiring an additional 13,904 shares in the last quarter. Polar Asset Management Partners Inc. lifted its position in shares of Bowman Consulting Group by 16.3% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 482,847 shares of the company’s stock valued at $11,627,000 after acquiring an additional 67,708 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Bowman Consulting Group by 10.8% in the 3rd quarter. Janus Henderson Group PLC now owns 24,306 shares of the company’s stock valued at $585,000 after acquiring an additional 2,370 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

About Bowman Consulting Group

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.