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

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) has been assigned an average rating of "Buy" from the six analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.70.

Separately, Robert W. Baird cut 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 report on Friday, November 8th.

Insider Buying and Selling

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 1,444 shares of the firm's 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 sale, the insider now 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen A. Riddick sold 2,288 shares of the company's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $28.60, for a total transaction of $65,436.80. Following the transaction, the director now owns 20,248 shares of the company's stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,490 shares of company stock worth $233,837 in the last ninety days. 20.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Bowman Consulting Group by 46.3% in the second quarter. Dimensional Fund Advisors LP now owns 76,581 shares of the company's stock valued at $2,434,000 after buying an additional 24,244 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in Bowman Consulting Group by 87.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company's stock valued at $5,958,000 after acquiring an additional 87,410 shares during the period. Pembroke Management LTD raised its stake in shares of Bowman Consulting Group by 10.0% during the third 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 last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Bowman Consulting Group during the second quarter valued at $404,000. Finally, Summit Creek Advisors LLC lifted its holdings in shares of Bowman Consulting Group by 15.1% during the second quarter. Summit Creek Advisors LLC now owns 345,704 shares of the company's stock worth $10,990,000 after purchasing an additional 45,451 shares during the period. 63.20% of the stock is currently owned by institutional investors.

Bowman Consulting Group Price Performance

Shares of NASDAQ:BWMN traded up $0.20 during trading on Tuesday, reaching $28.00. 69,028 shares of the company traded hands, compared to its average volume of 94,794. The firm has a market capitalization of $490.84 million, a PE ratio of -35.52 and a beta of 1.26. Bowman Consulting Group has a 52 week low of $19.92 and a 52 week high of $42.90. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $23.95 and its two-hundred day moving average is $27.05.

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.