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

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) has been given a consensus rating of "Buy" by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $39.70.

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

Bowman Consulting Group Trading Down 1.8 %

Shares of BWMN traded down $0.47 during mid-day trading on Wednesday, reaching $25.43. 44,065 shares of the company's stock traded hands, compared to its average volume of 44,038. The stock's 50-day moving average is $25.89 and its two-hundred day moving average is $25.36. Bowman Consulting Group has a 12 month low of $19.92 and a 12 month high of $42.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a market cap of $445.79 million, a P/E ratio of -32.19, a P/E/G ratio of 5.63 and a beta of 1.28.

Insider Activity

In related news, Director Stephen A. Riddick sold 2,288 shares of the stock in a transaction 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 approximately $579,092.80. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 20.40% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quantbot Technologies LP increased its stake in shares of Bowman Consulting Group by 115.6% in the 3rd 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 stake in shares of Bowman Consulting Group in the second quarter valued at approximately $96,000. SG Americas Securities LLC acquired a new position in shares of Bowman Consulting Group during the 4th quarter worth approximately $147,000. Acorn Financial Advisory Services Inc. ADV purchased a new position in shares of Bowman Consulting Group during the 3rd quarter valued at approximately $217,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Bowman Consulting Group in the 2nd quarter valued at $404,000. Institutional investors and hedge funds own 63.20% of the company's stock.

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.