Canaccord Genuity Group assumed coverage on shares of Bridger Aerospace Group (NASDAQ:BAER - Free Report) in a report released on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $5.50 target price on the stock.
Separately, Canaccord Genuity Group started coverage on Bridger Aerospace Group in a report on Monday. They set a buy rating and a $5.50 price objective for the company.
Read Our Latest Analysis on BAER
Bridger Aerospace Group Trading Down 1.3 %
NASDAQ BAER traded down $0.05 during trading hours on Monday, reaching $3.95. 16,144 shares of the company's stock were exchanged, compared to its average volume of 19,946. The firm has a fifty day moving average of $4.27 and a 200-day moving average of $5.18. Bridger Aerospace Group has a one year low of $3.75 and a one year high of $9.19. The stock has a market cap of $185.69 million, a PE ratio of -2.37 and a beta of -0.11.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.55) earnings per share (EPS) for the quarter. The company had revenue of $5.51 million for the quarter.
Institutional Investors Weigh In On Bridger Aerospace Group
An institutional investor recently bought a new position in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC bought a new position in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 194,436 shares of the company's stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned approximately 0.43% of Bridger Aerospace Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 48.94% of the company's stock.
About Bridger Aerospace Group
(
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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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