Bridge Investment Group (NYSE:BRDG) Stock Price Expected to Rise, UBS Group Analyst Says

Bridge Investment Group (NYSE:BRDG) had its price objective increased by investment analysts at UBS Group from $7.50 to $12.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 15.66% from the stock’s current price.

BRDG has been the subject of several other reports. Wells Fargo & Company cut their target price on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Morgan Stanley cut 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 report on Friday, November 8th. TD Cowen decreased their target price on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.00 price target (down previously from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Bridge Investment Group currently has an average rating of “Hold” and a consensus target price of $10.90.

Bridge Investment Group Stock Performance

BRDG opened at $10.38 on Wednesday. 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 business’s 50-day simple moving average is $8.17 and its 200 day simple moving average is $8.98. The firm has a market capitalization of $1.26 billion, a PE ratio of 259.44 and a beta of 1.56. Bridge Investment Group has a 52-week low of $6.18 and a 52-week high of $11.69.

Bridge Investment Group (NYSE:BRDG) last issued its earnings results on Monday, February 24th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $81.96 million for the quarter, compared to the consensus estimate of $82.02 million. As a group, sell-side analysts expect that Bridge Investment Group will post 0.68 earnings per share for the current fiscal year.

Insider Activity at Bridge Investment Group

In other Bridge Investment Group news, Vice Chairman Dean Allara sold 10,438 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $86,531.02. Following the transaction, the insider now owns 683,606 shares in the company, valued at $5,667,093.74. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Robert Randolph Morse sold 45,343 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total value of $375,893.47. Following the sale, the chairman now owns 3,249,076 shares of the company’s stock, valued at approximately $26,934,840.04. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,187 shares of company stock worth $1,204,966 in the last ninety days. 73.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in Bridge Investment Group during the third quarter worth about $102,000. EP Wealth Advisors LLC bought a new stake in shares of Bridge Investment Group during the 4th quarter worth approximately $89,000. Paloma Partners Management Co bought a new position in Bridge Investment Group in the third quarter valued at approximately $110,000. Aquatic Capital Management LLC acquired a new position in Bridge Investment Group during the fourth quarter valued at approximately $95,000. Finally, XTX Topco Ltd bought a new stake in Bridge Investment Group during the third quarter worth $127,000. Institutional investors own 52.83% of the company’s stock.

Bridge Investment Group Company Profile

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.