Bowman Consulting Group (NASDAQ:BWMN) PT Lowered to $47.00 at Roth Mkm

Bowman Consulting Group (NASDAQ:BWMN) had its target price reduced by Roth Mkm from $49.00 to $47.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Roth Mkm’s price target suggests a potential upside of 45.15% from the company’s previous close.

BWMN has been the topic of several other reports. B. Riley reiterated a “buy” rating and issued a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a research note on Wednesday, March 13th. TheStreet raised shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 14th. Finally, DA Davidson lifted their price target on shares of Bowman Consulting Group from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Bowman Consulting Group presently has a consensus rating of “Buy” and an average target price of $46.33.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $32.38 on Wednesday. The company has a market cap of $498.98 million, a P/E ratio of -62.27 and a beta of 1.21. The firm has a fifty day moving average price of $34.12 and a 200 day moving average price of $32.63. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.17. Bowman Consulting Group has a 12 month low of $25.52 and a 12 month high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last released its quarterly earnings data on Monday, March 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.38. Bowman Consulting Group had a positive return on equity of 5.14% and a negative net margin of 1.96%. The business had revenue of $92.97 million during the quarter, compared to analysts’ expectations of $88.68 million. Sell-side analysts predict that Bowman Consulting Group will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Bowman Consulting Group

In other news, CEO Gary Bowman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $34.45, for a total value of $86,125.00. Following the completion of the sale, the chief executive officer now directly owns 1,106,930 shares of the company’s stock, valued at $38,133,738.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Robert Alan Hickey sold 8,000 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $38.94, for a total value of $311,520.00. Following the transaction, the insider now owns 214,403 shares in the company, valued at approximately $8,348,852.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary Bowman sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $34.45, for a total value of $86,125.00. Following the sale, the chief executive officer now directly owns 1,106,930 shares of the company’s stock, valued at $38,133,738.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 184,469 shares of company stock worth $6,391,454. 20.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in Bowman Consulting Group by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 26,917 shares of the company’s stock valued at $754,000 after buying an additional 442 shares during the period. Summit Creek Advisors LLC increased its stake in shares of Bowman Consulting Group by 41.0% during the third quarter. Summit Creek Advisors LLC now owns 264,906 shares of the company’s stock worth $7,425,000 after acquiring an additional 76,995 shares during the period. Jump Financial LLC raised its holdings in Bowman Consulting Group by 7.5% during the third quarter. Jump Financial LLC now owns 12,900 shares of the company’s stock worth $362,000 after purchasing an additional 900 shares in the last quarter. Boston Partners lifted its position in Bowman Consulting Group by 19.7% in the third quarter. Boston Partners now owns 14,319 shares of the company’s stock valued at $401,000 after purchasing an additional 2,357 shares during the period. Finally, Navellier & Associates Inc. boosted its holdings in Bowman Consulting Group by 25.2% in the 3rd quarter. Navellier & Associates Inc. now owns 14,497 shares of the company’s stock valued at $406,000 after purchasing an additional 2,915 shares in the last quarter. Institutional investors and hedge funds 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.