Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER - Get Free Report) fell 1.6% during trading on Tuesday . The company traded as low as $1.79 and last traded at $1.80. 104,069 shares were traded during mid-day trading, a decline of 41% from the average session volume of 176,170 shares. The stock had previously closed at $1.83.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group boosted their price objective on shares of Bridger Aerospace Group from $5.00 to $5.25 and gave the stock a "buy" rating in a report on Wednesday, May 28th.
Check Out Our Latest Stock Report on Bridger Aerospace Group
Bridger Aerospace Group Stock Performance
The stock has a market cap of $96.86 million, a price-to-earnings ratio of -2.24 and a beta of 0.17. The business's fifty day simple moving average is $1.78 and its 200 day simple moving average is $1.81.
Bridger Aerospace Group (NASDAQ:BAER - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.50) by $0.09. The company had revenue of $15.65 million during the quarter, compared to analyst estimates of $6.00 million.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in shares of Bridger Aerospace Group in the fourth quarter valued at approximately $38,000. LPL Financial LLC acquired a new stake in Bridger Aerospace Group during the fourth quarter valued at approximately $64,000. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 12,500 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Bridger Aerospace Group by 110.4% during the fourth quarter. JPMorgan Chase & Co. now owns 35,630 shares of the company's stock valued at $76,000 after purchasing an additional 18,695 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Bridger Aerospace Group during the first quarter valued at approximately $41,000. Institutional investors own 48.94% of the company's stock.
About Bridger Aerospace Group
(
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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