Bowman Consulting Group Ltd. (NASDAQ:BWMN) Receives Average Rating of “Buy” from Analysts

Bowman Consulting Group Ltd. (NASDAQ:BWMN) has received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $39.70.

Separately, Robert W. Baird reduced their price target on shares of Bowman Consulting Group from $29.00 to $27.00 and set an “outperform” rating for the company in a report on Friday, November 8th.

Insiders Place Their Bets

In other news, Director Stephen A. Riddick sold 2,288 shares of Bowman Consulting Group 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 transaction, the director now directly owns 20,248 shares of the company’s stock, valued at $579,092.80. This trade represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Alan Hickey sold 1,444 shares of the company’s stock in a transaction on 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 approximately $4,349,255.92. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,788 shares of company stock worth $120,641. Insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWMN. Point72 Asset Management L.P. bought a new position in shares of Bowman Consulting Group during the 2nd quarter valued at about $96,000. Quantbot Technologies LP raised its holdings in Bowman Consulting Group by 115.6% during the 3rd quarter. Quantbot Technologies LP now owns 3,893 shares of the company’s stock worth $94,000 after buying an additional 2,087 shares during the period. Acorn Financial Advisory Services Inc. ADV bought a new position in Bowman Consulting Group in the third quarter valued at approximately $217,000. Cubist Systematic Strategies LLC acquired a new position in shares of Bowman Consulting Group in the second quarter valued at approximately $404,000. Finally, Rhumbline Advisers increased its position in shares of Bowman Consulting Group by 34.5% during the second quarter. Rhumbline Advisers now owns 15,830 shares of the company’s stock worth $503,000 after acquiring an additional 4,060 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Stock Performance

BWMN opened at $23.96 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock’s 50 day moving average price is $25.76 and its two-hundred day moving average price is $26.13. The firm has a market capitalization of $420.02 million, a P/E ratio of -30.33 and a beta of 1.28. Bowman Consulting Group has a 12-month low of $19.92 and a 12-month high of $42.90.

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.