Bridger Aerospace Group (NASDAQ:BAER) Price Target Raised to $5.75 at Canaccord Genuity Group

Bridger Aerospace Group (NASDAQ:BAER) had its target price increased by Canaccord Genuity Group from $5.25 to $5.75 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Bridger Aerospace Group Trading Down 12.6 %

Shares of BAER opened at $2.97 on Wednesday. Bridger Aerospace Group has a 12-month low of $1.71 and a 12-month high of $7.82. The firm has a fifty day moving average price of $2.78 and a 200-day moving average price of $3.28. The firm has a market capitalization of $157.91 million, a P/E ratio of -2.17 and a beta of -0.29.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings data on Monday, November 11th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.15). The company had revenue of $64.51 million for the quarter.

Insider Buying and Selling

In other Bridger Aerospace Group news, EVP James J. Muchmore sold 26,936 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $2.58, for a total value of $69,494.88. Following the completion of the transaction, the executive vice president now directly owns 844,211 shares in the company, valued at approximately $2,178,064.38. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eric L. Gerratt sold 18,731 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.59, for a total transaction of $48,513.29. Following the completion of the transaction, the chief financial officer now owns 481,269 shares of the company’s stock, valued at $1,246,486.71. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,614 shares of company stock valued at $252,811 over the last three months. 76.22% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bridger Aerospace Group

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Bridger Aerospace Group by 347.8% during the third quarter. Barclays PLC now owns 13,936 shares of the company’s stock valued at $31,000 after acquiring an additional 10,824 shares in the last quarter. Rhumbline Advisers acquired a new position in shares of Bridger Aerospace Group during the second quarter valued at about $36,000. Bank of New York Mellon Corp acquired a new position in shares of Bridger Aerospace Group during the second quarter valued at about $50,000. GM Advisory Group LLC purchased a new position in shares of Bridger Aerospace Group in the third quarter worth $61,000. Finally, Aspiriant LLC acquired a new stake in shares of Bridger Aerospace Group during the third quarter worth $145,000. 48.94% of the stock is currently owned by institutional investors.

Bridger Aerospace Group Company Profile

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.