Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Recommendation of "Buy" by Brokerages

Bowman Consulting Group Ltd. (NASDAQ:BWMN - Get Free Report) has earned a consensus recommendation of "Buy" from the six research firms that are covering the firm, Marketbeat Ratings reports. Five equities 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 target price among brokers that have covered the stock in the last year is $40.10.

A number of analysts have recently weighed in on BWMN shares. Robert W. Baird reduced their target price on shares of Bowman Consulting Group from $37.00 to $29.00 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Roth Mkm cut 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 report on Thursday, August 8th.

Insider Buying and Selling at Bowman Consulting Group

In other news, President Michael Bruen sold 5,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $31.29, for a total transaction of $156,450.00. Following the sale, the president now owns 375,739 shares in the company, valued at $11,756,873.31. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other 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 value of $57,675.00. Following the transaction, the insider now directly owns 198,332 shares in the company, valued at $4,575,519.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Bruen sold 5,000 shares of the company's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $31.29, for a total value of $156,450.00. Following the sale, the president now owns 375,739 shares of the company's stock, valued at approximately $11,756,873.31. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,652 shares of company stock worth $477,014. 20.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in Bowman Consulting Group during the second quarter valued at approximately $96,000. Norden Group LLC bought a new stake in shares of Bowman Consulting Group during the 1st quarter valued at $207,000. Virtu Financial LLC purchased a new stake in shares of Bowman Consulting Group in the 1st quarter worth $226,000. Comerica Bank raised its holdings in 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 purchasing an additional 1,190 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Bowman Consulting Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company's stock valued at $294,000 after purchasing an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 63.20% of the company's stock.

Bowman Consulting Group Stock Down 1.1 %

BWMN traded down $0.24 on Monday, hitting $21.35. The company had a trading volume of 47,636 shares, compared to its average volume of 96,532. The stock has a fifty day simple moving average of $23.27 and a 200-day simple moving average of $28.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market capitalization of $377.19 million, a P/E ratio of -31.96 and a beta of 1.09. Bowman Consulting Group has a 52-week low of $21.02 and a 52-week high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.08) EPS 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 during the quarter, compared to analysts' expectations of $113.01 million. As a group, equities analysts expect that Bowman Consulting Group will post -0.36 EPS for the current fiscal year.

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.