Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Receives Average Rating of “Hold” from Analysts

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) has been given a consensus rating of “Hold” by the five ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $4.1167.

Several brokerages have weighed in on BAER. Lake Street Capital began coverage on shares of Bridger Aerospace Group in a research note on Wednesday, May 20th. They set a “buy” rating and a $4.50 target price for the company. Zacks Research raised shares of Bridger Aerospace Group to a “hold” rating in a research note on Wednesday, April 1st. Wall Street Zen lowered shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Stifel Nicolaus started coverage on shares of Bridger Aerospace Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $3.35 price objective for the company. Finally, Canaccord Genuity Group set a $4.50 target price on shares of Bridger Aerospace Group in a report on Friday, May 8th.

Bridger Aerospace Group Stock Up 3.1%

Shares of Bridger Aerospace Group stock opened at $1.97 on Thursday. Bridger Aerospace Group has a 52 week low of $1.47 and a 52 week high of $3.44. The business’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $2.18. The firm has a market cap of $110.16 million, a PE ratio of -2.35 and a beta of 0.35.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.32). The business had revenue of $8.51 million for the quarter, compared to analyst estimates of $17.23 million. Bridger Aerospace Group had a negative return on equity of 1.21% and a negative net margin of 10.05%. As a group, equities analysts expect that Bridger Aerospace Group will post -0.49 earnings per share for the current year.

Institutional Investors Weigh In On Bridger Aerospace Group

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in shares of Bridger Aerospace Group in the 2nd quarter valued at $26,000. HB Wealth Management LLC purchased a new position in Bridger Aerospace Group during the 1st quarter valued at about $26,000. Janney Montgomery Scott LLC purchased a new position in Bridger Aerospace Group during the 1st quarter valued at about $30,000. Stifel Financial Corp boosted its holdings in Bridger Aerospace Group by 23.6% during the 4th quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock valued at $40,000 after acquiring an additional 4,180 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Bridger Aerospace Group in the 1st quarter valued at about $41,000. 48.94% of the stock is owned by institutional investors and hedge funds.

About Bridger Aerospace Group

Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.

Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.