Bridge Investment Group (BRDG) Projected to Post Quarterly Earnings on Monday

Bridge Investment Group (NYSE:BRDG - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Bridge Investment Group to post earnings of $0.16 per share and revenue of $80.55 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Bridge Investment Group Trading Down 1.5 %

Shares of NYSE BRDG traded down $0.12 during trading hours on Thursday, reaching $8.06. The stock had a trading volume of 63,832 shares, compared to its average volume of 172,307. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86. The firm has a market cap of $975.42 million, a price-to-earnings ratio of 201.45 and a beta of 1.55. The business's fifty day moving average price is $8.09 and its two-hundred day moving average price is $8.90. Bridge Investment Group has a 52-week low of $6.18 and a 52-week high of $11.69.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Bridge Investment Group from $12.00 to $10.00 and set an "overweight" rating for the company in a report on Tuesday, January 14th. TD Cowen lowered their price target on Bridge Investment Group from $10.50 to $10.00 and set a "hold" rating for the company in a report on Tuesday, November 12th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. Finally, Morgan Stanley lowered Bridge Investment Group from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $14.00 to $11.00 in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.40.

Insiders Place Their Bets

In other news, Vice Chairman Dean Allara sold 10,877 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $8.31, for a total transaction of $90,387.87. Following the transaction, the insider now directly owns 662,473 shares of the company's stock, valued at approximately $5,505,150.63. This represents a 1.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan Slager sold 11,403 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $94,530.87. Following the transaction, the chief executive officer now directly owns 962,481 shares in the company, valued at approximately $7,978,967.49. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 145,187 shares of company stock worth $1,204,966 over the last 90 days. Company insiders own 65.90% of the company's stock.

Bridge Investment Group Company Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.