Bridger Aerospace Group (NASDAQ:BAER) Now Covered by Analysts at Canaccord Genuity Group

Equities researchers at Canaccord Genuity Group initiated coverage on shares of Bridger Aerospace Group (NASDAQ:BAER) in a report released on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $5.50 price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 37.50% from the company’s current price.

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 target for the company.

Bridger Aerospace Group Price Performance

Shares of BAER opened at $4.00 on Monday. Bridger Aerospace Group has a one year low of $3.75 and a one year high of $9.19. The firm has a market capitalization of $188.04 million, a P/E ratio of -2.29 and a beta of -0.11. The business has a fifty day moving average of $4.27 and a 200 day moving average of $5.18.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.55) EPS for the quarter. The company had revenue of $5.51 million during the quarter.

Hedge Funds Weigh In On Bridger Aerospace Group

A hedge fund recently bought a new stake in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC acquired a new stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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 SEC filing. Hedge funds and other institutional investors own 48.94% of the company’s stock.

About Bridger Aerospace Group

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.