Bowman Consulting Group Ltd. (NASDAQ:BWMN) Short Interest Update

Bowman Consulting Group Ltd. (NASDAQ:BWMN) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 544,600 shares, a growth of 9.4% from the September 15th total of 498,000 shares. Currently, 3.7% of the shares of the company are short sold. Based on an average daily volume of 106,800 shares, the short-interest ratio is currently 5.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BWMN shares. Roth Mkm lowered their price objective on Bowman Consulting Group from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Robert W. Baird dropped their price objective on shares of Bowman Consulting Group from $37.00 to $29.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $40.10.

Bowman Consulting Group Price Performance

BWMN traded down $0.11 on Wednesday, hitting $21.66. 113,154 shares of the stock were exchanged, compared to its average volume of 96,667. The firm has a market capitalization of $382.67 million, a price-to-earnings ratio of -32.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 1.26. Bowman Consulting Group has a 12 month low of $21.02 and a 12 month high of $42.90. The business has a 50-day moving average of $23.36 and a two-hundred day moving average of $29.06.

Bowman Consulting Group (NASDAQ:BWMN) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.10). The firm had revenue of $104.50 million for the quarter, compared to analyst estimates 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 forecast that Bowman Consulting Group will post -0.36 EPS for the current fiscal year.

Insider Activity at Bowman Consulting Group

In other news, President Michael Bruen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $34.71, for a total value of $173,550.00. Following the completion of the sale, the president now directly owns 380,739 shares of the company’s stock, valued at $13,215,450.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, President Michael Bruen sold 5,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $34.71, for a total value of $173,550.00. Following the transaction, the president now directly owns 380,739 shares of the company’s stock, valued at $13,215,450.69. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary Bowman sold 3,750 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $35.58, for a total transaction of $133,425.00. Following the completion of the transaction, the chief executive officer now directly owns 927,252 shares in the company, valued at approximately $32,991,626.16. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,652 shares of company stock worth $650,564. Insiders own 20.40% of the company’s stock.

Institutional Trading of Bowman Consulting Group

Large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. bought a new position in shares of Bowman Consulting Group in the second quarter worth about $96,000. Norden Group LLC acquired a new stake in Bowman Consulting Group in the first quarter valued at approximately $207,000. Virtu Financial LLC acquired a new position in shares of Bowman Consulting Group during the first quarter worth $226,000. Comerica Bank lifted its stake in shares of Bowman Consulting Group by 18.2% in the 1st quarter. Comerica Bank now owns 7,745 shares of the company’s stock valued at $269,000 after acquiring an additional 1,190 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Bowman Consulting Group by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,425 shares of the company’s stock valued at $294,000 after acquiring an additional 393 shares in the last quarter. 63.20% of the stock is owned by institutional investors and hedge funds.

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.