Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Stock Has Consensus Target Price of $3.67 According to Brokerages

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $3.67.

A number of equities analysts have recently issued reports on BAER shares. Lake Street Capital reiterated a “buy” rating and issued a $4.00 price objective on shares of Bridger Aerospace Group in a report on Friday, August 7th. Zacks Research downgraded Bridger Aerospace Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Stifel Nicolaus set a $3.00 target price on Bridger Aerospace Group in a research report on Monday, August 10th. Weiss Ratings lowered Bridger Aerospace Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 6th. Finally, Canaccord Genuity Group reduced their price target on shares of Bridger Aerospace Group from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, August 10th.

Bridger Aerospace Group Stock Down 6.0%

NASDAQ BAER opened at $0.20 on Wednesday. The stock’s 50-day simple moving average is $0.67 and its two-hundred day simple moving average is $1.68. Bridger Aerospace Group has a twelve month low of $0.17 and a twelve month high of $3.44. The company has a market capitalization of $10.99 million, a price-to-earnings ratio of -0.23 and a beta of 0.42.

Insider Buying and Selling at Bridger Aerospace Group

In other Bridger Aerospace Group news, Director Jeffrey E. Kelter acquired 100,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was bought at an average price of $1.20 per share, with a total value of $120,000.00. Following the purchase, the director owned 677,800 shares of the company’s stock, valued at approximately $813,360. This trade represents a 17.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 16.36% of the company’s stock.

Hedge Funds Weigh In On Bridger Aerospace Group

A number of large investors have recently added to or reduced their stakes in the business. Penbrook Management LLC bought a new stake in Bridger Aerospace Group in the third quarter worth $58,000. Peterson Wealth Advisors LLC boosted its position in Bridger Aerospace Group by 11.8% during the third quarter. Peterson Wealth Advisors LLC now owns 260,837 shares of the company’s stock valued at $183,000 after buying an additional 27,514 shares during the period. Corient Private Wealth LP bought a new position in shares of Bridger Aerospace Group during the second quarter valued at about $53,000. Bank of America Corp DE grew its stake in shares of Bridger Aerospace Group by 255,063.4% during the first quarter. Bank of America Corp DE now owns 104,617 shares of the company’s stock valued at $207,000 after buying an additional 104,576 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of Bridger Aerospace Group during the second quarter valued at about $560,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group Co. is an aerial firefighting and wildfire management company based in Montana. The company provides aircraft, crews and related services to help government agencies and other customers detect, contain and suppress wildfires. Its operations include aerial delivery of fire retardant and water, wildfire surveillance, intelligence and mapping, and other specialized aviation services. Bridger operates a fleet of aircraft designed for wildfire response and serves federal, state and local agencies, primarily in the United States.