Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) had its target price upped by stock analysts at Canaccord Genuity Group from $5.00 to $5.25 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Canaccord Genuity Group's price target suggests a potential upside of 213.43% from the company's current price.
Bridger Aerospace Group Trading Up 10.9%
Shares of Bridger Aerospace Group stock traded up $0.17 on Wednesday, reaching $1.68. The stock had a trading volume of 380,022 shares, compared to its average volume of 477,887. The company has a market cap of $91.66 million, a P/E ratio of -1.22 and a beta of 0.03. Bridger Aerospace Group has a 1 year low of $1.02 and a 1 year high of $4.49. The business's 50 day moving average is $1.40 and its two-hundred day moving average is $2.03.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.41) EPS for the quarter, topping analysts' consensus estimates of ($0.50) by $0.09. The business had revenue of $15.65 million during the quarter, compared to analysts' expectations of $6.00 million.
Hedge Funds Weigh In On Bridger Aerospace Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAER. JPMorgan Chase & Co. increased its stake in shares of Bridger Aerospace Group by 167.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,935 shares of the company's stock valued at $38,000 after purchasing an additional 10,612 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Bridger Aerospace Group by 61.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 33,001 shares of the company's stock worth $37,000 after buying an additional 12,500 shares during the last quarter. Scratch Capital LLC purchased a new position in shares of Bridger Aerospace Group during the 4th quarter worth $29,000. BNP Paribas Financial Markets acquired a new stake in shares of Bridger Aerospace Group during the fourth quarter valued at about $38,000. Finally, Geode Capital Management LLC raised its position in Bridger Aerospace Group by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 369,617 shares of the company's stock valued at $788,000 after purchasing an additional 18,243 shares during the period. Hedge funds and other institutional investors own 48.94% of the company's stock.
Bridger Aerospace Group Company Profile
(
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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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