Bridger Aerospace Group (NASDAQ:BAER) Posts Earnings Results, Misses Estimates By $0.15 EPS

Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) released its quarterly earnings data on Monday. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.15), Zacks reports. The business had revenue of $64.51 million during the quarter. Bridger Aerospace Group updated its FY 2024 guidance to EPS.

Bridger Aerospace Group Price Performance

BAER stock traded up $0.12 during trading hours on Tuesday, reaching $3.62. The stock had a trading volume of 631,702 shares, compared to its average volume of 74,771. Bridger Aerospace Group has a fifty-two week low of $1.71 and a fifty-two week high of $7.82. The stock has a market capitalization of $192.46 million, a PE ratio of -2.29 and a beta of -0.29. The stock has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $3.30.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a $5.25 target price on shares of Bridger Aerospace Group in a research report on Tuesday, August 13th.

Insider Transactions at Bridger Aerospace Group

In other news, CEO Samuel Carl Davis sold 19,323 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.56, for a total value of $49,466.88. Following the transaction, the chief executive officer now owns 474,352 shares in the company, valued at approximately $1,214,341.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP James J. Muchmore sold 26,936 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $2.58, for a total value of $69,494.88. Following the sale, the executive vice president now owns 844,211 shares in the company, valued at approximately $2,178,064.38. The trade was a 0.00 % 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 Samuel Carl Davis sold 19,323 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.56, for a total transaction of $49,466.88. Following the completion of the sale, the chief executive officer now directly owns 474,352 shares in the company, valued at $1,214,341.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 96,614 shares of company stock valued at $252,811. 76.22% of the stock is currently owned by company insiders.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.