Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Given Consensus Rating of “Hold” by Brokerages

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) have been given an average rating of “Hold” by the five analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.1167.

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Bridger Aerospace Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 2nd. Canaccord Genuity Group set a $4.50 price target on shares of Bridger Aerospace Group in a research note on Friday, May 8th. Zacks Research upgraded shares of Bridger Aerospace Group to a “hold” rating in a research note on Wednesday, April 1st. Finally, Stifel Nicolaus assumed coverage on shares of Bridger Aerospace Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $3.35 price target on the stock.

Institutional Investors Weigh In On Bridger Aerospace Group

Several hedge funds and other institutional investors have recently bought and sold shares of BAER. XTX Topco Ltd acquired a new stake in Bridger Aerospace Group during the 2nd quarter worth $26,000. HB Wealth Management LLC acquired a new stake in Bridger Aerospace Group during the 1st quarter worth $26,000. Janney Montgomery Scott LLC acquired a new stake in Bridger Aerospace Group during the 1st quarter worth $30,000. Stifel Financial Corp grew its position in Bridger Aerospace Group by 23.6% during the 4th quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock worth $40,000 after purchasing an additional 4,180 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Bridger Aerospace Group during the 1st quarter worth $41,000. 48.94% of the stock is currently owned by institutional investors and hedge funds.

Bridger Aerospace Group Trading Down 2.1%

Shares of BAER opened at $1.90 on Friday. Bridger Aerospace Group has a twelve month low of $1.47 and a twelve month high of $3.44. The firm’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.15. The firm has a market capitalization of $106.25 million, a price-to-earnings ratio of -2.26 and a beta of 0.33.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.32). Bridger Aerospace Group had a negative net margin of 10.05% and a negative return on equity of 1.21%. The firm had revenue of $8.51 million during the quarter, compared to analyst estimates of $17.23 million. On average, analysts predict that Bridger Aerospace Group will post -0.49 earnings per share for the current fiscal year.

About Bridger Aerospace Group

Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.

Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.