Bridge Investment Group (NYSE:BRDG) Given New $12.00 Price Target at UBS Group

Bridge Investment Group (NYSE:BRDG - Get Free Report) had its target price raised by UBS Group from $7.50 to $12.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. UBS Group's price objective would suggest a potential upside of 14.39% from the company's previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley lowered shares of Bridge Investment Group from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $14.00 to $11.00 in a report on Friday, November 8th. TD Cowen cut their target price on shares of Bridge Investment Group from $10.50 to $10.00 and set a "hold" rating on the stock in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $10.00 target price (down from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company cut their target price on shares of Bridge Investment Group from $12.00 to $10.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $10.90.

Bridge Investment Group Trading Up 1.0 %

Shares of BRDG stock traded up $0.10 during trading hours on Wednesday, hitting $10.49. The company had a trading volume of 560,819 shares, compared to its average volume of 312,357. The company's fifty day moving average is $8.21 and its 200 day moving average is $9.02. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.14 and a quick ratio of 1.14. Bridge Investment Group has a fifty-two week low of $6.18 and a fifty-two week high of $11.69. The stock has a market capitalization of $1.27 billion, a PE ratio of 262.32 and a beta of 1.55.

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Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. The firm had revenue of $81.96 million for the quarter, compared to analyst estimates of $82.02 million. Research analysts expect that Bridge Investment Group will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Bridge Investment Group

In other Bridge Investment Group news, CFO Katherine Elsnab sold 3,078 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total value of $25,516.62. Following the sale, the chief financial officer now directly owns 303,937 shares of the company's stock, valued at approximately $2,519,637.73. This represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jonathan Slager sold 11,403 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total transaction of $94,530.87. Following the completion of the sale, the chief executive officer now directly owns 962,481 shares in the company, valued at approximately $7,978,967.49. This represents a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,187 shares of company stock valued at $1,204,966. Insiders own 65.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jennison Associates LLC grew its position in shares of Bridge Investment Group by 2.3% in the 3rd quarter. Jennison Associates LLC now owns 3,370,882 shares of the company's stock valued at $33,271,000 after buying an additional 74,779 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Bridge Investment Group by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 407,709 shares of the company's stock valued at $4,026,000 after buying an additional 40,975 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Bridge Investment Group in the 3rd quarter valued at $102,000. XTX Topco Ltd purchased a new position in shares of Bridge Investment Group in the 3rd quarter valued at $127,000. Finally, State Street Corp grew its position in shares of Bridge Investment Group by 12.0% in the 3rd quarter. State Street Corp now owns 128,711 shares of the company's stock valued at $1,270,000 after buying an additional 13,800 shares during the last quarter. 52.83% of the stock is owned by hedge funds and other institutional investors.

About Bridge Investment Group

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.