Bowman Consulting Group (NASDAQ:BWMN) Price Target Cut to $27.00 by Analysts at Robert W. Baird

Bowman Consulting Group (NASDAQ:BWMN) had its price target decreased by research analysts at Robert W. Baird from $29.00 to $27.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would indicate a potential upside of 14.70% from the stock’s current price.

Separately, Roth Mkm decreased their price target on shares of Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $39.70.

Bowman Consulting Group Stock Performance

NASDAQ BWMN opened at $23.54 on Friday. The firm has a market cap of $428.43 million, a P/E ratio of -31.39 and a beta of 1.12. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $22.62 and its 200-day moving average is $27.92. Bowman Consulting Group has a 12-month low of $19.92 and a 12-month high of $42.90.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.10). The company had revenue of $104.50 million during the quarter, compared to analysts’ expectations of $113.01 million. Bowman Consulting Group had a negative net margin of 2.67% and a positive return on equity of 4.40%. Sell-side analysts predict that Bowman Consulting Group will post -0.36 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Bowman Consulting Group

Several large investors have recently added to or reduced their stakes in BWMN. Norden Group LLC bought a new stake in shares of Bowman Consulting Group during the 1st quarter valued at about $207,000. Russell Investments Group Ltd. lifted its stake in shares of Bowman Consulting Group by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 66,348 shares of the company’s stock valued at $2,308,000 after purchasing an additional 16,761 shares during the period. Vanguard Group Inc. boosted its position in shares of Bowman Consulting Group by 28.0% during the first quarter. Vanguard Group Inc. now owns 662,733 shares of the company’s stock valued at $23,056,000 after purchasing an additional 144,978 shares in the last quarter. Summit Creek Advisors LLC grew its stake in Bowman Consulting Group by 19.0% in the first quarter. Summit Creek Advisors LLC now owns 300,253 shares of the company’s stock worth $10,446,000 after purchasing an additional 47,844 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Bowman Consulting Group in the first quarter worth $620,000. Institutional investors own 63.20% of the company’s stock.

About Bowman Consulting Group

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.