Canaccord Genuity Group restated their buy rating on shares of Bridger Aerospace Group (NASDAQ:BAER - Free Report) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $6.00 target price on the stock.
Bridger Aerospace Group Stock Up 7.0 %
Shares of NASDAQ BAER traded up $0.19 during midday trading on Wednesday, reaching $2.90. 1,491,757 shares of the stock were exchanged, compared to its average volume of 7,964,200. The firm has a 50-day simple moving average of $2.64 and a two-hundred day simple moving average of $2.81. Bridger Aerospace Group has a twelve month low of $1.71 and a twelve month high of $6.78. The firm has a market cap of $156.74 million, a price-to-earnings ratio of -2.12 and a beta of -0.29.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.15). The business had revenue of $64.51 million for the quarter.
Institutional Trading of Bridger Aerospace Group
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC grew its stake in Bridger Aerospace Group by 347.8% in the 3rd quarter. Barclays PLC now owns 13,936 shares of the company's stock valued at $31,000 after acquiring an additional 10,824 shares during the period. Rhumbline Advisers acquired a new stake in shares of Bridger Aerospace Group in the second quarter valued at about $36,000. JPMorgan Chase & Co. grew its position in shares of Bridger Aerospace Group by 167.8% in the third quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company's stock valued at $38,000 after purchasing an additional 10,612 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Bridger Aerospace Group during the second quarter worth about $50,000. Finally, GM Advisory Group LLC acquired a new position in shares of Bridger Aerospace Group during the 3rd quarter worth about $61,000. 48.94% of the stock is currently owned by hedge funds and other institutional investors.
About Bridger Aerospace Group
(
Get Free Report)
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.
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