Bowman Consulting Group (NASDAQ:BWMN) Coverage Initiated at Robert W. Baird

Analysts at Robert W. Baird assumed coverage on shares of Bowman Consulting Group (NASDAQ:BWMNGet Free Report) in a report released on Monday, Briefing.com reports. The firm set an “outperform” rating and a $37.00 price target on the stock. Robert W. Baird’s target price would suggest a potential upside of 14.66% from the stock’s previous close.

BWMN has been the topic of a number of other reports. Bank of America started coverage on Bowman Consulting Group in a report on Friday, May 24th. They issued a “buy” rating and a $36.50 target price on the stock. TheStreet raised shares of Bowman Consulting Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th. DA Davidson upped their price target on Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Roth Mkm lowered their target price on Bowman Consulting Group from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Finally, B. Riley restated a “buy” rating and set a $47.00 price target (up from $44.00) on shares of Bowman Consulting Group in a report on Wednesday, March 13th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $42.50.

View Our Latest Analysis on BWMN

Bowman Consulting Group Price Performance

Shares of NASDAQ BWMN opened at $32.27 on Monday. Bowman Consulting Group has a twelve month low of $25.52 and a twelve month high of $42.90. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.16. The firm has a 50-day moving average of $32.41 and a two-hundred day moving average of $33.15. The company has a market capitalization of $570.21 million, a price-to-earnings ratio of -48.16 and a beta of 1.17.

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

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $39.59, for a total value of $247,437.50. Following the completion of the sale, the chief executive officer now directly owns 1,098,180 shares of the company’s stock, valued at $43,476,946.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bowman Consulting Group news, CFO Bruce J. Labovitz sold 2,500 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $37.43, for a total transaction of $93,575.00. Following the transaction, the chief financial officer now owns 303,288 shares in the company, valued at $11,352,069.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gary Bowman sold 6,250 shares of Bowman Consulting Group stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $39.59, for a total transaction of $247,437.50. Following the completion of the transaction, the chief executive officer now directly owns 1,098,180 shares in the company, valued at approximately $43,476,946.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,199 shares of company stock valued at $6,320,347. 20.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Bowman Consulting Group by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 26,917 shares of the company’s stock worth $754,000 after acquiring an additional 442 shares during the period. Jump Financial LLC raised its position in shares of Bowman Consulting Group by 7.5% during the third quarter. Jump Financial LLC now owns 12,900 shares of the company’s stock valued at $362,000 after buying an additional 900 shares during the last quarter. Boston Partners lifted its stake in shares of 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 buying an additional 2,357 shares during the period. Navellier & Associates Inc. grew its position in Bowman Consulting Group by 25.2% during the third quarter. Navellier & Associates Inc. now owns 14,497 shares of the company’s stock worth $406,000 after buying an additional 2,915 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in Bowman Consulting Group during the third quarter valued at about $208,000. Institutional investors and hedge funds own 63.20% of the company’s stock.

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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