Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Average Recommendation of "Buy" from Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) has received an average recommendation of "Buy" from the six research firms that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $39.70.

Several analysts recently weighed in on the stock. Roth Mkm reduced their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. 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 report on Friday, November 8th.

Insider Buying and Selling at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the business's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $23.07, for a total transaction of $57,675.00. Following the completion of the sale, the insider now owns 198,332 shares in the company, valued at approximately $4,575,519.24. The trade was a 1.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Gary Bowman sold 4,002 shares of the firm's stock in a transaction 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 directly owns 919,500 shares in the company, 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. Over the last quarter, insiders have sold 10,402 shares of company stock valued at $242,343. 20.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP lifted its position in shares of Bowman Consulting Group by 115.6% during the third quarter. Quantbot Technologies LP now owns 3,893 shares of the company's stock valued at $94,000 after purchasing an additional 2,087 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Bowman Consulting Group in the second quarter worth $96,000. Acorn Financial Advisory Services Inc. ADV bought a new position in Bowman Consulting Group in the 3rd quarter valued at $217,000. Virtu Financial LLC bought a new stake in shares of Bowman Consulting Group during the 1st quarter worth $226,000. Finally, Comerica Bank boosted its holdings in shares of Bowman Consulting Group by 18.2% in the 1st quarter. Comerica Bank now owns 7,745 shares of the company's stock worth $269,000 after buying an additional 1,190 shares during the last quarter. 63.20% of the stock is owned by institutional investors.

Bowman Consulting Group Trading Up 0.6 %

NASDAQ BWMN traded up $0.14 during trading hours on Friday, reaching $25.32. The company's stock had a trading volume of 101,365 shares, compared to its average volume of 96,395. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. Bowman Consulting Group has a 52 week low of $19.92 and a 52 week high of $42.90. The firm has a fifty day simple moving average of $22.84 and a 200-day simple moving average of $27.70. The stock has a market cap of $443.86 million, a P/E ratio of -32.05 and a beta of 1.12.

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.