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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) has been assigned an average rating of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $4.1167.

BAER has been the subject of a number of research analyst reports. Zacks Research raised shares of Bridger Aerospace Group to a “hold” rating in a research note on Wednesday, April 1st. Lake Street Capital assumed coverage on shares of Bridger Aerospace Group in a research report on Wednesday. They issued a “buy” rating and a $4.50 target price on the stock. Stifel Nicolaus initiated coverage on shares of Bridger Aerospace Group in a report on Tuesday, March 31st. They issued a “buy” rating and a $3.35 target price for the company. Canaccord Genuity Group set a $4.50 price target on shares of Bridger Aerospace Group in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a report on Saturday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in Bridger Aerospace Group by 23.6% during the fourth quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock worth $40,000 after acquiring an additional 4,180 shares during the last quarter. Geode Capital Management LLC increased its position in Bridger Aerospace Group by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 284,601 shares of the company’s stock worth $521,000 after purchasing an additional 5,959 shares in the last quarter. HB Wealth Management LLC purchased a new position in Bridger Aerospace Group in the first quarter valued at approximately $26,000. XTX Topco Ltd purchased a new stake in Bridger Aerospace Group during the second quarter worth approximately $26,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Bridger Aerospace Group in the 1st quarter valued at $30,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Bridger Aerospace Group Price Performance

BAER traded up $0.18 during trading on Wednesday, hitting $1.85. The company’s stock had a trading volume of 188,315 shares, compared to its average volume of 736,682. Bridger Aerospace Group has a twelve month low of $1.22 and a twelve month high of $3.44. The stock has a market cap of $103.17 million, a PE ratio of -2.20 and a beta of 0.28. The firm’s 50 day moving average price is $1.99 and its 200-day moving average price is $2.12.

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

Bridger Aerospace Group Company Profile

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.