Robert W. Baird Issues Pessimistic Forecast for Bowman Consulting Group (NASDAQ:BWMN) Stock Price

Bowman Consulting Group (NASDAQ:BWMN) had its price target reduced by Robert W. Baird from $29.00 to $27.00 in a report published on Friday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, Roth Mkm cut their price objective on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bowman Consulting Group presently has an average rating of “Buy” and a consensus price target of $39.70.

Bowman Consulting Group Trading Up 6.4 %

Bowman Consulting Group stock opened at $25.04 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.18. The firm has a market cap of $455.73 million, a PE ratio of -31.70 and a beta of 1.12. The stock’s 50 day simple moving average is $22.64 and its two-hundred day simple moving average is $27.83. Bowman Consulting Group has a 12 month low of $19.92 and a 12 month high of $42.90.

Insider Activity

In other Bowman Consulting Group news, CEO Gary Bowman sold 4,002 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $24.08, for a total value of $96,368.16. Following the transaction, the chief executive officer now owns 919,500 shares in the company, valued at approximately $22,141,560. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Robert Alan Hickey sold 1,444 shares of Bowman Consulting Group stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $22.09, for a total transaction of $31,897.96. Following the transaction, the insider now owns 196,888 shares in the company, valued at approximately $4,349,255.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gary Bowman sold 4,002 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $24.08, for a total value of $96,368.16. Following the completion of the sale, the chief executive officer now owns 919,500 shares of the company’s stock, valued at approximately $22,141,560. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,402 shares of company stock worth $242,343 over the last quarter. 20.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bowman Consulting Group

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Bowman Consulting Group by 28.0% during the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock worth $23,056,000 after acquiring an additional 144,978 shares during the last quarter. Pembroke Management LTD increased its position in shares of Bowman Consulting Group by 19.8% during the 2nd quarter. Pembroke Management LTD now owns 647,031 shares of the company’s stock worth $20,569,000 after purchasing an additional 106,926 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its holdings in Bowman Consulting Group by 87.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 187,410 shares of the company’s stock valued at $5,958,000 after buying an additional 87,410 shares during the period. Ovata Capital Management Ltd lifted its position in Bowman Consulting Group by 189.9% in the second quarter. Ovata Capital Management Ltd now owns 74,800 shares of the company’s stock valued at $2,378,000 after buying an additional 49,000 shares during the last quarter. Finally, Summit Creek Advisors LLC boosted its stake in Bowman Consulting Group by 19.0% during the first quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock worth $10,446,000 after buying an additional 47,844 shares during the period. 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.