Bridger Aerospace Group (NASDAQ:BAER) Price Target Cut to $5.00 by Analysts at Canaccord Genuity Group

Bridger Aerospace Group (NASDAQ:BAERFree Report) had its price objective cut by Canaccord Genuity Group from $6.00 to $5.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the stock.

Bridger Aerospace Group Trading Down 15.0 %

Shares of Bridger Aerospace Group stock opened at $1.56 on Monday. The firm has a fifty day simple moving average of $2.40 and a 200-day simple moving average of $2.53. Bridger Aerospace Group has a 1-year low of $1.43 and a 1-year high of $6.20. The stock has a market capitalization of $84.31 million, a price-to-earnings ratio of -1.14 and a beta of -0.14.

Bridger Aerospace Group (NASDAQ:BAERGet Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The firm had revenue of $15.59 million for the quarter, compared to analyst estimates of $9.70 million. During the same period last year, the firm earned ($0.67) EPS.

Hedge Funds Weigh In On Bridger Aerospace Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in Bridger Aerospace Group by 54.0% during the third quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock worth $780,000 after acquiring an additional 123,158 shares during the period. Mill Creek Capital Advisors LLC bought a new position in Bridger Aerospace Group during the third quarter worth $433,000. Barclays PLC increased its position in Bridger Aerospace Group by 347.8% during the third quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after acquiring an additional 10,824 shares during the period. Apollon Wealth Management LLC bought a new position in Bridger Aerospace Group during the fourth quarter worth $72,000. Finally, JPMorgan Chase & Co. increased its position in Bridger Aerospace Group by 167.8% during the third quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company’s stock worth $38,000 after acquiring an additional 10,612 shares during the period. Institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Company Profile

(Get Free Report)

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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