B. Riley Forecasts Strong Price Appreciation for Bowman Consulting Group (NASDAQ:BWMN) Stock

Bowman Consulting Group (NASDAQ:BWMN) had its price objective boosted by research analysts at B. Riley from $33.00 to $43.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 32.35% from the stock’s current price.

Several other research analysts have also weighed in on the company. Wall Street Zen lowered Bowman Consulting Group from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Robert W. Baird upped their target price on Bowman Consulting Group from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Bowman Consulting Group presently has an average rating of “Moderate Buy” and a consensus target price of $36.38.

Bowman Consulting Group Stock Performance

Shares of NASDAQ:BWMN opened at $32.49 on Wednesday. The business has a fifty day moving average of $27.50 and a 200-day moving average of $24.56. The firm has a market cap of $559.80 million, a PE ratio of 249.92, a price-to-earnings-growth ratio of 4.55 and a beta of 1.29. Bowman Consulting Group has a twelve month low of $17.90 and a twelve month high of $36.65. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 1.25.

Bowman Consulting Group (NASDAQ:BWMN) last issued its earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.21). Bowman Consulting Group had a return on equity of 2.74% and a net margin of 0.54%.

Bowman Consulting Group announced that its Board of Directors has approved a share buyback plan on Friday, June 6th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, insider Robert Alan Hickey sold 5,000 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $26.70, for a total value of $133,500.00. Following the completion of the sale, the insider directly owned 176,685 shares of the company’s stock, valued at $4,717,489.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 6,724 shares of company stock worth $177,970 over the last three months. Company insiders own 17.42% of the company’s stock.

Institutional Trading of Bowman Consulting Group

A number of large investors have recently bought and sold shares of BWMN. BNP Paribas Financial Markets bought a new stake in Bowman Consulting Group during the fourth quarter valued at $42,000. Brooklyn Investment Group bought a new stake in Bowman Consulting Group during the first quarter valued at $45,000. GAMMA Investing LLC boosted its stake in Bowman Consulting Group by 1,856.3% during the first quarter. GAMMA Investing LLC now owns 4,519 shares of the company’s stock valued at $99,000 after buying an additional 4,288 shares during the period. NBC Securities Inc. boosted its stake in Bowman Consulting Group by 100,080.0% during the first quarter. NBC Securities Inc. now owns 5,009 shares of the company’s stock valued at $109,000 after buying an additional 5,004 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in Bowman Consulting Group by 55.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,524 shares of the company’s stock worth $163,000 after purchasing an additional 2,316 shares during the last quarter. 63.20% of the stock is owned by hedge funds and other institutional investors.

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.