Bridger Aerospace Group (NASDAQ:BAER) Price Target Raised to $5.25

Bridger Aerospace Group (NASDAQ:BAER) had its price objective raised by analysts at Canaccord Genuity Group from $5.00 to $5.25 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 283.21% from the stock’s previous close.

Bridger Aerospace Group Price Performance

NASDAQ:BAER opened at $1.37 on Wednesday. The firm has a market capitalization of $74.97 million, a price-to-earnings ratio of -1.00 and a beta of 0.03. Bridger Aerospace Group has a one year low of $1.02 and a one year high of $4.49. The business has a fifty day moving average price of $1.39 and a 200-day moving average price of $2.07.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings results 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 business had revenue of $15.65 million during the quarter, compared to analysts’ expectations of $6.00 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BAER. JPMorgan Chase & Co. grew its position in shares of Bridger Aerospace Group by 167.8% during the third 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. Apollon Wealth Management LLC bought a new position in shares of Bridger Aerospace Group in the 4th quarter valued at about $72,000. HighMark Wealth Management LLC bought a new stake in Bridger Aerospace Group in the fourth quarter worth about $128,000. Scratch Capital LLC bought a new stake in Bridger Aerospace Group in the fourth quarter worth about $29,000. Finally, Prescott Group Capital Management L.L.C. bought a new stake in Bridger Aerospace Group in the fourth quarter worth about $128,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

About Bridger Aerospace Group

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.