Analysts Set Bowman Consulting Group Ltd. (NASDAQ:BWMN) Target Price at $39.70

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

Separately, Robert W. Baird reduced their price target 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.

Insider Buying and Selling

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 transaction of $31,897.96. Following the sale, the insider now owns 196,888 shares in the company, valued at $4,349,255.92. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 directly owns 20,248 shares of the company’s stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,788 shares of company stock worth $120,641 in the last 90 days. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Several institutional investors have recently added to or reduced their stakes in BWMN. FMR LLC lifted 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 valued at $65,757,000 after purchasing an additional 128,981 shares in the last quarter. Pembroke Management LTD lifted its stake in Bowman Consulting Group by 10.0% during the 3rd quarter. Pembroke Management LTD now owns 711,648 shares of the company’s stock valued at $17,136,000 after acquiring an additional 64,617 shares during the period. Polar Asset Management Partners Inc. boosted its holdings in shares of Bowman Consulting Group by 16.3% during 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 during the last quarter. Summit Creek Advisors LLC grew its stake in shares of Bowman Consulting Group by 15.1% in the second quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company’s stock worth $10,990,000 after acquiring an additional 45,451 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Bowman Consulting Group by 9.0% during the third quarter. Geode Capital Management LLC now owns 326,306 shares of the company’s stock valued at $7,859,000 after purchasing an additional 27,056 shares during the last quarter. 63.20% of the stock is currently owned by hedge funds and other institutional investors.

Bowman Consulting Group Stock Down 1.0 %

BWMN stock opened at $24.69 on Friday. Bowman Consulting Group has a fifty-two week low of $19.92 and a fifty-two week high of $42.90. The company has a market capitalization of $432.82 million, a price-to-earnings ratio of -31.25 and a beta of 1.28. The business’s 50 day moving average price is $25.62 and its two-hundred day moving average price is $26.19. 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 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.