Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) had its target price hoisted by analysts at Canaccord Genuity Group from $5.25 to $5.75 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price objective points to a potential upside of 71.64% from the stock's current price.
Bridger Aerospace Group Stock Performance
Shares of NASDAQ BAER traded down $0.32 during midday trading on Wednesday, reaching $3.35. The stock had a trading volume of 119,456 shares, compared to its average volume of 75,188. The stock has a 50-day moving average of $2.70 and a 200-day moving average of $3.29. The company has a market capitalization of $178.12 million, a price-to-earnings ratio of -2.45 and a beta of -0.29. Bridger Aerospace Group has a 12-month low of $1.71 and a 12-month high of $7.82.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.31 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.15). The company had revenue of $64.51 million during the quarter.
Insider Activity
In other Bridger Aerospace Group news, EVP James J. Muchmore sold 18,902 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the completion of the sale, the executive vice president now directly owns 820,417 shares in the company, valued at approximately $2,215,125.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Samuel Carl Davis sold 19,323 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.56, for a total transaction of $49,466.88. Following the sale, the chief executive officer now directly owns 474,352 shares of the company's stock, valued at $1,214,341.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP James J. Muchmore sold 18,902 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the transaction, the executive vice president now directly owns 820,417 shares of the company's stock, valued at approximately $2,215,125.90. The trade was 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 worth $252,811. Corporate insiders own 76.22% of the company's stock.
Hedge Funds Weigh In On Bridger Aerospace Group
Hedge funds have recently made changes to their positions in the company. GM Advisory Group LLC acquired a new stake in Bridger Aerospace Group in the 3rd quarter valued at about $61,000. Mill Creek Capital Advisors LLC purchased a new stake in shares of Bridger Aerospace Group in the 3rd quarter valued at $433,000. Peterson Wealth Advisors LLC grew its holdings in shares of Bridger Aerospace Group by 20.0% in the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company's stock valued at $518,000 after purchasing an additional 38,887 shares in the last quarter. Aspiriant LLC acquired a new position in shares of Bridger Aerospace Group in the third quarter valued at approximately $145,000. Finally, Rhumbline Advisers acquired a new stake in Bridger Aerospace Group during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds own 48.94% of the company's stock.
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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