Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) shares dropped 1.6% during mid-day trading on Tuesday . The stock traded as low as $1.79 and last traded at $1.80. Approximately 104,069 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 176,170 shares. The stock had previously closed at $1.83.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group upped their price target on Bridger Aerospace Group from $5.00 to $5.25 and gave the stock a "buy" rating in a research report on Wednesday, May 28th.
Read Our Latest Analysis on BAER
Bridger Aerospace Group Stock Performance
The firm has a fifty day moving average price of $1.75 and a 200-day moving average price of $1.83. The company has a market capitalization of $96.31 million, a price-to-earnings ratio of -2.23 and a beta of 0.17.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.50) by $0.09. The company had revenue of $15.65 million for the quarter, compared to the consensus estimate of $6.00 million.
Institutional Investors Weigh In On Bridger Aerospace Group
A number of hedge funds have recently added to or reduced their stakes in BAER. HighMark Wealth Management LLC boosted its position in shares of Bridger Aerospace Group by 37.4% during the second quarter. HighMark Wealth Management LLC now owns 110,162 shares of the company's stock valued at $213,000 after buying an additional 30,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Bridger Aerospace Group during the first quarter valued at approximately $41,000. First Manhattan CO. LLC. boosted its position in shares of Bridger Aerospace Group by 7.2% during the first quarter. First Manhattan CO. LLC. now owns 1,479,705 shares of the company's stock valued at $1,672,000 after buying an additional 100,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Bridger Aerospace Group by 61.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 33,001 shares of the company's stock valued at $37,000 after buying an additional 12,500 shares during the last quarter. Finally, Kieckhefer Group LLC boosted its position in Bridger Aerospace Group by 8,625.0% in 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. 48.94% of the stock is currently owned by institutional investors.
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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