Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) had its price target cut by Canaccord Genuity Group from $6.00 to $5.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 264.96% from the company's current price.
Bridger Aerospace Group Trading Down 10.5 %
BAER stock traded down $0.16 during trading on Monday, hitting $1.37. The company had a trading volume of 517,539 shares, compared to its average volume of 434,814. The stock has a market cap of $74.05 million, a PE ratio of -1.00 and a beta of -0.14. The business has a 50-day moving average of $2.33 and a 200-day moving average of $2.51. Bridger Aerospace Group has a one year low of $1.39 and a one year high of $5.44.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.36) EPS for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.02). The firm had revenue of $15.59 million for the quarter, compared to the consensus estimate of $9.70 million. During the same quarter in the prior year, the company posted ($0.67) earnings per share.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. grew its stake in Bridger Aerospace Group by 167.8% during the third quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company's stock worth $38,000 after purchasing an additional 10,612 shares during the period. Barclays PLC grew its position in shares of Bridger Aerospace Group by 347.8% during the 3rd quarter. Barclays PLC now owns 13,936 shares of the company's stock worth $31,000 after buying an additional 10,824 shares during the period. Scratch Capital LLC bought a new stake in shares of Bridger Aerospace Group in the 4th quarter valued at $29,000. BNP Paribas Financial Markets acquired a new position in shares of Bridger Aerospace Group during the 4th quarter valued at $38,000. Finally, Geode Capital Management LLC lifted its position in shares of Bridger Aerospace Group by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 369,617 shares of the company's stock valued at $788,000 after acquiring an additional 18,243 shares during the period. 48.94% of the stock is owned by 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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