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

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) has received an average rating of "Buy" from the six brokerages that are currently covering the firm, Marketbeat.com reports. Five equities research 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 objective among brokers that have covered the stock in the last year is $39.70.

Separately, Robert W. Baird decreased their price target on shares of 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.

Bowman Consulting Group Stock Performance

Shares of NASDAQ:BWMN traded up $0.71 on Friday, hitting $25.66. The company had a trading volume of 43,249 shares, compared to its average volume of 48,025. The stock has a market cap of $449.82 million, a price-to-earnings ratio of -32.48 and a beta of 1.26. The stock has a 50 day moving average price of $25.36 and a 200 day moving average price of $26.32. Bowman Consulting Group has a 1-year low of $19.92 and a 1-year high of $42.90. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16.

Insiders Place Their Bets

In related news, insider Robert Alan Hickey sold 1,444 shares of the company's stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $22.09, for a total transaction of $31,897.96. Following the completion of the sale, the insider now owns 196,888 shares of the company's stock, valued at $4,349,255.92. This represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 dated Friday, December 6th. The shares were sold at an average price of $28.60, for a total transaction of $65,436.80. Following the completion of the transaction, the director now directly owns 20,248 shares in the company, valued at approximately $579,092.80. This represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,788 shares of company stock worth $120,641 in the last quarter. Corporate insiders own 20.40% of the company's stock.

Institutional Investors Weigh In On Bowman Consulting Group

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

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.