Bowman Consulting Group Ltd. (NASDAQ:BWMN) Given Consensus Rating of “Buy” by Analysts

Shares of Bowman Consulting Group Ltd. (NASDAQ:BWMNGet Free Report) have earned a consensus recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $42.50.

Several equities research analysts have recently commented on the company. Robert W. Baird assumed coverage on Bowman Consulting Group in a research note on Monday, June 3rd. They issued an “outperform” rating and a $37.00 target price for the company. Bank of America assumed coverage on Bowman Consulting Group in a research note on Friday, May 24th. They issued a “buy” rating and a $36.50 target price for the company. Roth Mkm lowered their target price on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Baird R W raised Bowman Consulting Group to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, B. Riley reissued a “buy” rating and issued a $47.00 target price (up from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th.

View Our Latest Stock Report on BWMN

Bowman Consulting Group Trading Up 0.1 %

Shares of BWMN opened at $31.35 on Tuesday. The stock has a fifty day moving average price of $31.51 and a two-hundred day moving average price of $33.21. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.21 and a current ratio of 1.21. Bowman Consulting Group has a 52-week low of $25.52 and a 52-week high of $42.90. The company has a market cap of $553.86 million, a price-to-earnings ratio of -46.79 and a beta of 1.17.

Bowman Consulting Group (NASDAQ:BWMNGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.18. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. The firm had revenue of $94.91 million during the quarter, compared to the consensus estimate of $93.51 million. Analysts predict that Bowman Consulting Group will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction on Monday, May 13th. The stock was sold at an average price of $30.95, for a total transaction of $38,068.50. Following the completion of the sale, the director now directly owns 3,224 shares of the company’s stock, valued at $99,782.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Bowman Consulting Group news, COO Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $31.56, for a total transaction of $157,800.00. Following the transaction, the chief operating officer now directly owns 385,739 shares in the company, valued at $12,173,922.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Raymond Jr. Vicks sold 1,230 shares of Bowman Consulting Group stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $30.95, for a total value of $38,068.50. Following the transaction, the director now owns 3,224 shares in the company, valued at $99,782.80. The disclosure for this sale can be found here. Insiders sold a total of 156,449 shares of company stock valued at $5,239,715 over the last three months. Company insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWMN. Byrne Asset Management LLC bought a new stake in shares of Bowman Consulting Group in the first quarter valued at about $33,000. Norden Group LLC bought a new stake in shares of Bowman Consulting Group in the first quarter valued at about $207,000. NBC Securities Inc. bought a new stake in shares of Bowman Consulting Group in the fourth quarter valued at about $214,000. Virtu Financial LLC bought a new stake in shares of Bowman Consulting Group in the first quarter valued at about $226,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Bowman Consulting Group in the third quarter valued at about $208,000. 63.20% of the stock is currently owned by institutional investors.

About Bowman Consulting Group

(Get Free Report

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.

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Analyst Recommendations for Bowman Consulting Group (NASDAQ:BWMN)

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