Bowman Consulting Group (NASDAQ:BWMN) Coverage Initiated at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. started coverage on shares of Bowman Consulting Group (NASDAQ:BWMN) in a research note issued on Friday,Benzinga reports. The firm set a “neutral” rating and a $40.00 price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.04% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Roth Capital upped their price target on Bowman Consulting Group from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Bowman Consulting Group in a research report on Monday, December 29th. Zacks Research raised shares of Bowman Consulting Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Bowman Consulting Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Bowman Consulting Group has a consensus rating of “Moderate Buy” and a consensus target price of $40.90.

Bowman Consulting Group Stock Performance

Shares of BWMN stock opened at $34.77 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 1.30. Bowman Consulting Group has a 52 week low of $17.90 and a 52 week high of $45.83. The company’s 50 day moving average price is $35.22 and its two-hundred day moving average price is $37.12. The company has a market capitalization of $603.95 million, a P/E ratio of 37.39, a price-to-earnings-growth ratio of 2.26 and a beta of 1.33.

Bowman Consulting Group (NASDAQ:BWMN) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.23. The company had revenue of $112.09 million during the quarter, compared to the consensus estimate of $130.45 million. Bowman Consulting Group had a net margin of 3.33% and a return on equity of 6.30%.

Insiders Place Their Bets

In other news, CFO Bruce J. Labovitz sold 10,000 shares of the business’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $42.37, for a total transaction of $423,700.00. Following the transaction, the chief financial officer directly owned 385,560 shares in the company, valued at $16,336,177.20. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary Bowman sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $35.25, for a total transaction of $440,625.00. Following the completion of the sale, the chief executive officer owned 892,443 shares of the company’s stock, valued at $31,458,615.75. This trade represents a 1.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 50,000 shares of company stock worth $1,974,100. 17.42% of the stock is owned by corporate insiders.

Institutional Trading of Bowman Consulting Group

Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in Bowman Consulting Group in the 3rd quarter valued at $40,000. Ameritas Investment Partners Inc. increased its holdings in shares of Bowman Consulting Group by 28.4% in the second quarter. Ameritas Investment Partners Inc. now owns 1,435 shares of the company’s stock valued at $41,000 after purchasing an additional 317 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Bowman Consulting Group by 244.5% in the second quarter. Tower Research Capital LLC TRC now owns 2,301 shares of the company’s stock valued at $66,000 after purchasing an additional 1,633 shares during the period. AlphaQuest LLC acquired a new stake in shares of Bowman Consulting Group during the 2nd quarter worth about $103,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Bowman Consulting Group during the 3rd quarter worth about $175,000. 63.20% of the stock is owned by institutional investors and hedge funds.

About Bowman Consulting Group

Bowman Consulting Group Ltd. (NASDAQ: BWMN) is a multidisciplinary professional services firm that provides engineering, environmental, planning and surveying services to public and private sector clients. Its service offerings encompass civil, geotechnical and environmental engineering; land development planning and permitting; construction management; survey and geospatial services; and ecological and water resources consulting. The firm supports infrastructure, real estate, energy, utilities and telecommunications projects, delivering site characterization, design, permitting and construction-phase oversight.

Since its founding in 1980, Bowman Consulting Group has grown organically and through strategic acquisitions to expand its technical capabilities and geographic footprint.