Bowman Consulting Group (NASDAQ:BWMN) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) had its price target lifted by Robert W. Baird from $28.00 to $29.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective suggests a potential upside of 12.36% from the stock's previous close.

Other analysts have also issued research reports about the stock. B. Riley upgraded shares of Bowman Consulting Group to a "strong-buy" rating in a research note on Tuesday, March 18th. Bank of America reduced their price target on shares of Bowman Consulting Group from $36.50 to $30.50 and set a "buy" rating for the company in a report on Wednesday, March 12th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $34.17.

Bowman Consulting Group Trading Up 2.7%

NASDAQ BWMN traded up $0.68 during mid-day trading on Thursday, hitting $25.81. The company's stock had a trading volume of 45,588 shares, compared to its average volume of 93,365. Bowman Consulting Group has a 52-week low of $17.90 and a 52-week high of $36.65. The stock's fifty day simple moving average is $22.38 and its two-hundred day simple moving average is $23.80. 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 firm has a market capitalization of $444.78 million, a P/E ratio of -32.67 and a beta of 1.24.

Bowman Consulting Group (NASDAQ:BWMN - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.21). Bowman Consulting Group had a negative net margin of 2.62% and a positive return on equity of 3.76%.

Insider Buying and Selling

In related news, insider Robert Alan Hickey sold 2,500 shares of Bowman Consulting Group stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.46, for a total value of $56,150.00. Following the transaction, the insider now owns 188,177 shares of the company's stock, valued at approximately $4,226,455.42. This trade represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bowman Consulting Group

Large investors have recently made changes to their positions in the company. Swedbank AB acquired a new position in shares of Bowman Consulting Group during the fourth quarter worth approximately $4,990,000. Grandeur Peak Global Advisors LLC boosted its holdings in Bowman Consulting Group by 100.1% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 159,289 shares of the company's stock valued at $3,974,000 after acquiring an additional 79,691 shares during the last quarter. Cetera Investment Advisers lifted its stake in Bowman Consulting Group by 527.6% in the first quarter. Cetera Investment Advisers now owns 82,343 shares of the company's stock valued at $1,798,000 after buying an additional 69,223 shares during the period. Dimensional Fund Advisors LP lifted its stake in Bowman Consulting Group by 41.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 194,515 shares of the company's stock valued at $4,853,000 after buying an additional 57,278 shares during the period. Finally, Summit Creek Advisors LLC raised its position in shares of Bowman Consulting Group by 14.3% during the fourth quarter. Summit Creek Advisors LLC now owns 373,443 shares of the company's stock worth $9,317,000 after purchasing an additional 46,816 shares during the period. Institutional investors 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.