Wells Fargo & Company Has Lowered Expectations for Bridge Investment Group (NYSE:BRDG) Stock Price

Bridge Investment Group (NYSE:BRDG - Get Free Report) had its price objective cut by equities research analysts at Wells Fargo & Company from $11.50 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target indicates a potential upside of 5.74% from the stock's previous close.

Other analysts have also issued research reports about the company. UBS Group boosted their target price on Bridge Investment Group from $7.50 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $10.00 target price (down previously from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.80.

Bridge Investment Group Price Performance

BRDG traded up $0.32 on Thursday, hitting $10.40. 350,634 shares of the company's stock were exchanged, compared to its average volume of 247,290. 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 50-day moving average price of $8.65 and a 200-day moving average price of $9.19. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 260.14 and a beta of 1.47. Bridge Investment Group has a fifty-two week low of $6.31 and a fifty-two week high of $11.69.

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Bridge Investment Group (NYSE:BRDG - Get Free Report) last posted its earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $81.96 million during the quarter, compared to analysts' expectations of $82.02 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. As a group, equities analysts anticipate that Bridge Investment Group will post 0.68 earnings per share for the current year.

Insider Transactions at Bridge Investment Group

In other Bridge Investment Group news, COO Adam O'farrell sold 6,935 shares of the company's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $8.31, for a total value of $57,629.85. Following the completion of the transaction, the chief operating officer now owns 538,038 shares in the company, valued at $4,471,095.78. This represents a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jonathan Slager sold 11,403 shares of Bridge Investment Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $94,530.87. Following the sale, the chief executive officer now owns 962,481 shares in the company, valued at $7,978,967.49. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 145,187 shares of company stock valued at $1,204,966. 65.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bridge Investment Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new position in Bridge Investment Group in the 4th quarter valued at about $89,000. Aquatic Capital Management LLC acquired a new position in shares of Bridge Investment Group in the fourth quarter valued at approximately $95,000. Jane Street Group LLC purchased a new stake in shares of Bridge Investment Group during the third quarter worth approximately $102,000. Paloma Partners Management Co acquired a new stake in shares of Bridge Investment Group during the third quarter worth $110,000. Finally, XTX Topco Ltd acquired a new position in Bridge Investment Group in the 3rd quarter valued at $127,000. Hedge funds and other institutional investors own 52.83% 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.