Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives $42.50 Consensus Target Price from Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMN) have been given an average rating of “Buy” by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $40.10.

A number of equities research analysts have recently weighed in on BWMN shares. Baird R W raised shares of Bowman Consulting Group to a “strong-buy” rating in a report on Monday, June 3rd. Robert W. Baird dropped their price target on Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Bank of America began coverage on Bowman Consulting Group in a research note on Friday, May 24th. They issued a “buy” rating and a $36.50 price objective for the company. Finally, Roth Mkm dropped their target price on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th.

Bowman Consulting Group Trading Up 6.2 %

Shares of Bowman Consulting Group stock opened at $22.83 on Wednesday. The firm’s 50 day simple moving average is $31.65 and its two-hundred day simple moving average is $32.97. The firm has a market capitalization of $403.34 million, a price-to-earnings ratio of -34.07 and a beta of 1.15. Bowman Consulting Group has a 12-month low of $21.02 and a 12-month high of $42.90. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16.

Insider Transactions at Bowman Consulting Group

In related news, COO Michael Bruen sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $31.56, for a total transaction of $157,800.00. Following the sale, the chief operating officer now directly owns 385,739 shares of the company’s stock, valued at $12,173,922.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Gary Bowman sold 3,750 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $35.58, for a total transaction of $133,425.00. Following the sale, the chief executive officer now directly owns 927,252 shares of the company’s stock, valued at approximately $32,991,626.16. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $31.56, for a total value of $157,800.00. Following the completion of the transaction, the chief operating officer now owns 385,739 shares of the company’s stock, valued at approximately $12,173,922.84. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $816,913 over the last quarter. 20.40% of the stock is currently owned by insiders.

Institutional Trading of Bowman Consulting Group

Institutional investors have recently bought and sold shares of the business. Byrne Asset Management LLC purchased a new position in shares of Bowman Consulting Group during the 1st quarter valued at approximately $33,000. Norden Group LLC purchased a new position in Bowman Consulting Group during the first quarter valued at $207,000. NBC Securities Inc. acquired a new stake in shares of Bowman Consulting Group in the fourth quarter valued at about $214,000. Virtu Financial LLC purchased a new stake in shares of Bowman Consulting Group during the first quarter worth about $226,000. Finally, Comerica Bank raised its position in shares of Bowman Consulting Group by 18.2% during the 1st quarter. Comerica Bank now owns 7,745 shares of the company’s stock worth $269,000 after purchasing an additional 1,190 shares during 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.