Short Interest in Bowman Consulting Group Ltd. (NASDAQ:BWMN) Grows By 9.5%

Bowman Consulting Group Ltd. (NASDAQ:BWMN) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 401,700 shares, a growth of 9.5% from the April 15th total of 366,700 shares. Based on an average trading volume of 114,900 shares, the short-interest ratio is currently 3.5 days. Approximately 3.1% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Bowman Consulting Group in a research report on Wednesday, March 13th. TheStreet raised Bowman Consulting Group from a “c” rating to a “b-” rating in a report on Wednesday, February 14th. DA Davidson raised their target price on Bowman Consulting Group from $36.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, Roth Mkm lowered their price target on shares of 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. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $46.33.

Insider Activity at Bowman Consulting Group

In other Bowman Consulting Group news, CEO Gary Bowman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $34.45, for a total transaction of $86,125.00. Following the completion of the sale, the chief executive officer now directly owns 1,106,930 shares of the company’s stock, valued at approximately $38,133,738.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Michael Bruen sold 5,000 shares of Bowman Consulting Group stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $33.52, for a total value of $167,600.00. Following the sale, the chief operating officer now owns 436,074 shares of the company’s stock, valued at $14,617,200.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Gary Bowman sold 2,500 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $34.45, for a total transaction of $86,125.00. Following the transaction, the chief executive officer now directly owns 1,106,930 shares of the company’s stock, valued at $38,133,738.50. The disclosure for this sale can be found here. Insiders have sold 185,699 shares of company stock worth $6,406,472 in the last quarter. Company insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Bowman Consulting Group

Large investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new position in Bowman Consulting Group during the first quarter worth about $33,000. Norden Group LLC purchased a new stake in Bowman Consulting Group in the 1st quarter valued at approximately $207,000. Kestra Advisory Services LLC purchased a new stake in Bowman Consulting Group in the 3rd quarter valued at approximately $208,000. NBC Securities Inc. acquired a new stake in Bowman Consulting Group during the 4th quarter valued at $214,000. Finally, Price T Rowe Associates Inc. MD increased its position in Bowman Consulting Group by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock worth $294,000 after buying an additional 393 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

Bowman Consulting Group Price Performance

Shares of BWMN traded down $0.02 on Thursday, reaching $31.82. The stock had a trading volume of 77,680 shares, compared to its average volume of 92,308. The firm has a 50-day moving average of $33.90 and a 200 day moving average of $32.79. The firm has a market capitalization of $562.26 million, a PE ratio of -47.49 and a beta of 1.21. Bowman Consulting Group has a twelve month low of $25.52 and a twelve month high of $42.90. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.16.

Bowman Consulting Group (NASDAQ:BWMN) last posted its earnings results on Monday, March 11th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.38. The company had revenue of $92.97 million for the quarter, compared to analyst estimates of $88.68 million. Bowman Consulting Group had a positive return on equity of 5.63% and a negative net margin of 2.43%. Sell-side analysts expect that Bowman Consulting Group will post 0.68 EPS for the current year.

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.