Bridge Investment Group (BRDG) Expected to Announce Quarterly Earnings on Monday

Bridge Investment Group (NYSE:BRDG) is anticipated to issue its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $80.55 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Bridge Investment Group Stock Performance

Shares of BRDG opened at $8.00 on Monday. Bridge Investment Group has a 1 year low of $6.18 and a 1 year high of $11.69. The company has a market cap of $968.03 million, a price-to-earnings ratio of 199.92 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average of $8.17 and a 200-day moving average of $8.90.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BRDG shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a research note on Tuesday, January 7th. Morgan Stanley cut shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $14.00 to $11.00 in a research note on Friday, November 8th. UBS Group lifted their price objective on shares of Bridge Investment Group from $7.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company cut their price objective 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. Finally, TD Cowen cut their price objective 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. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Bridge Investment Group presently has a consensus rating of “Hold” and a consensus price target of $10.40.

Insiders Place Their Bets

In other Bridge Investment Group news, COO Adam O’farrell sold 6,655 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $55,169.95. Following the sale, the chief operating officer now owns 551,512 shares in the company, valued at approximately $4,572,034.48. The trade was a 1.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Dean Allara sold 10,438 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total value of $86,531.02. Following the sale, the insider now owns 683,606 shares in the company, valued at approximately $5,667,093.74. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 145,187 shares of company stock worth $1,204,966. 65.90% of the stock is owned by corporate insiders.

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.