Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 482,300 shares, adeclineof30.4% from the July 15th total of 693,200 shares. Currently,1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 226,100 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 226,100 shares, the short-interest ratio is currently 2.1 days. Currently,1.6% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group lifted their target price on shares of Bridger Aerospace Group from $5.00 to $5.25 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Bridger Aerospace Group has an average rating of "Buy" and an average target price of $5.25.
Check Out Our Latest Stock Report on BAER
Hedge Funds Weigh In On Bridger Aerospace Group
Institutional investors and hedge funds have recently bought and sold shares of the stock. Kieckhefer Group LLC increased its position in Bridger Aerospace Group by 8,625.0% during the first quarter. Kieckhefer Group LLC now owns 174,500 shares of the company's stock worth $197,000 after purchasing an additional 172,500 shares during the last quarter. Cerity Partners LLC increased its position in Bridger Aerospace Group by 456.6% during the fourth quarter. Cerity Partners LLC now owns 216,751 shares of the company's stock worth $462,000 after purchasing an additional 177,811 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Bridger Aerospace Group during the fourth quarter worth approximately $604,000. Northern Trust Corp increased its position in shares of Bridger Aerospace Group by 26.3% in the fourth quarter. Northern Trust Corp now owns 115,573 shares of the company's stock worth $246,000 after acquiring an additional 24,067 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of Bridger Aerospace Group in the fourth quarter worth $138,000. Institutional investors and hedge funds own 48.94% of the company's stock.
Bridger Aerospace Group Stock Up 2.5%
Shares of NASDAQ:BAER traded up $0.05 during trading on Monday, reaching $2.06. The stock had a trading volume of 55,374 shares, compared to its average volume of 709,167. The business has a fifty day moving average price of $1.85 and a 200-day moving average price of $1.70. The stock has a market cap of $114.39 million, a P/E ratio of -3.57 and a beta of 0.16. Bridger Aerospace Group has a fifty-two week low of $1.02 and a fifty-two week high of $4.43.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, beating analysts' consensus estimates of ($0.28) by $0.16. The firm had revenue of $30.75 million during the quarter, compared to analyst estimates of $65.20 million. Bridger Aerospace Group has set its FY 2025 guidance at EPS.
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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