Bowman Consulting Group (NASDAQ:BWMN) Price Target Cut to $27.00 by Analysts at Robert W. Baird

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) had its price target cut by investment analysts at Robert W. Baird from $29.00 to $27.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's target price points to a potential upside of 7.83% from the company's previous close.

Separately, Roth Mkm decreased their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Bowman Consulting Group presently has an average rating of "Buy" and a consensus price target of $39.70.

Bowman Consulting Group Price Performance

Shares of BWMN stock traded up $1.50 on Friday, reaching $25.04. The company's stock had a trading volume of 110,092 shares, compared to its average volume of 96,082. The stock's fifty day simple moving average is $22.62 and its 200-day simple moving average is $27.92. Bowman Consulting Group has a 1 year low of $19.92 and a 1 year high of $42.90. The company has a market capitalization of $455.73 million, a price-to-earnings ratio of -31.39 and a beta of 1.12. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.10). Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. The firm had revenue of $104.50 million for the quarter, compared to the consensus estimate of $113.01 million. Analysts forecast that Bowman Consulting Group will post -0.36 earnings per share for the current fiscal year.

Insider Activity

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the firm's stock in a transaction on Monday, August 19th. The stock was 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 of the company's stock, valued at $4,575,519.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Bowman Consulting Group news, insider Robert Alan Hickey sold 2,500 shares of the business's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $23.07, for a total transaction of $57,675.00. Following the sale, the insider now directly owns 198,332 shares in the company, valued at $4,575,519.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary Bowman sold 4,002 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $22,141,560. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,402 shares of company stock valued at $242,343 in the last 90 days. Company insiders own 20.40% of the company's stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several institutional investors have recently modified their holdings of BWMN. Vanguard Group Inc. raised its position in shares of Bowman Consulting Group by 28.0% during the 1st quarter. Vanguard Group Inc. now owns 662,733 shares of the company's stock worth $23,056,000 after acquiring an additional 144,978 shares in the last quarter. Pembroke Management LTD increased its position in Bowman Consulting Group by 19.8% during the second quarter. Pembroke Management LTD now owns 647,031 shares of the company's stock worth $20,569,000 after buying an additional 106,926 shares during the period. Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Bowman Consulting Group by 87.4% in the second 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. Ovata Capital Management Ltd grew its position in shares of Bowman Consulting Group by 189.9% during the second quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company's stock worth $2,378,000 after acquiring an additional 49,000 shares during the last quarter. Finally, Summit Creek Advisors LLC grew its position in Bowman Consulting Group by 19.0% during the 1st quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company's stock worth $10,446,000 after purchasing an additional 47,844 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other 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.