Bowman Consulting Group (NASDAQ:BWMN) PT Raised to $27.00

Bowman Consulting Group (NASDAQ:BWMNGet Rating) had its price objective raised by B. Riley from $23.00 to $27.00 in a research report sent to investors on Monday, The Fly reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Bowman Consulting Group’s Q3 2022 earnings at $0.13 EPS, Q4 2022 earnings at $0.11 EPS, FY2022 earnings at $0.35 EPS and FY2023 earnings at $0.62 EPS.

Bowman Consulting Group Trading Down 4.7 %

Shares of BWMN stock opened at $15.35 on Monday. The company has a market cap of $204.19 million, a P/E ratio of 307.06 and a beta of 1.22. The stock has a 50 day simple moving average of $12.88 and a two-hundred day simple moving average of $15.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.61 and a current ratio of 2.18. Bowman Consulting Group has a fifty-two week low of $10.76 and a fifty-two week high of $22.82.

Insider Activity

In other news, insider Robert Alan Hickey sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $16.10, for a total transaction of $40,250.00. Following the completion of the sale, the insider now owns 245,308 shares in the company, valued at $3,949,458.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 30.70% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Several hedge funds and other institutional investors have recently modified their holdings of BWMN. Bank of America Corp DE bought a new stake in shares of Bowman Consulting Group during the first quarter valued at approximately $25,367,000. Pembroke Management LTD increased its holdings in shares of Bowman Consulting Group by 244.9% during the first quarter. Pembroke Management LTD now owns 712,910 shares of the company’s stock valued at $11,720,000 after acquiring an additional 506,215 shares in the last quarter. Polar Asset Management Partners Inc. grew its holdings in Bowman Consulting Group by 45.8% during the first quarter. Polar Asset Management Partners Inc. now owns 1,229,065 shares of the company’s stock worth $20,206,000 after buying an additional 386,115 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Bowman Consulting Group during the fourth quarter worth $3,135,000. Finally, Pacific Ridge Capital Partners LLC grew its holdings in Bowman Consulting Group by 46.3% during the first quarter. Pacific Ridge Capital Partners LLC now owns 359,940 shares of the company’s stock worth $5,917,000 after buying an additional 113,893 shares in the last quarter. Institutional investors own 64.18% of the company’s stock.

About Bowman Consulting Group

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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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