Bridge Investment Group (NYSE:BRDG - Free Report) had its target price lifted by Wells Fargo & Company from $10.00 to $10.50 in a research note published on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
Separately, UBS Group raised their price objective on Bridge Investment Group from $7.50 to $12.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Bridge Investment Group presently has a consensus rating of "Hold" and an average price target of $10.70.
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Bridge Investment Group Stock Performance
Shares of NYSE BRDG traded down $0.09 during midday trading on Friday, reaching $9.29. The company had a trading volume of 241,187 shares, compared to its average volume of 269,638. The business's 50-day simple moving average is $9.29 and its 200 day simple moving average is $9.00. The stock has a market cap of $1.15 billion, a P/E ratio of 232.31 and a beta of 1.46. Bridge Investment Group has a 1 year low of $6.81 and a 1 year high of $11.69. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86.
Bridge Investment Group (NYSE:BRDG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.08). The firm had revenue of $71.80 million during the quarter, compared to analysts' expectations of $77.60 million. Bridge Investment Group had a return on equity of 9.91% and a net margin of 1.92%. On average, analysts forecast that Bridge Investment Group will post 0.68 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. AlphaQuest LLC raised its stake in shares of Bridge Investment Group by 107.1% during the 1st quarter. AlphaQuest LLC now owns 5,290 shares of the company's stock valued at $51,000 after buying an additional 2,736 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Bridge Investment Group during the 1st quarter valued at about $63,000. EP Wealth Advisors LLC purchased a new position in shares of Bridge Investment Group during the 4th quarter valued at about $89,000. Aquatic Capital Management LLC purchased a new position in Bridge Investment Group during the fourth quarter valued at approximately $95,000. Finally, EntryPoint Capital LLC purchased a new position in Bridge Investment Group during the fourth quarter valued at approximately $133,000. Hedge funds and other institutional investors own 52.83% of the company's stock.
About Bridge Investment Group
(
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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.
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