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

Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) has been given an average recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.1167.

A number of research firms recently issued reports on BAER. Canaccord Genuity Group set a $4.50 target price on shares of Bridger Aerospace Group in a research report on Friday, May 8th. Stifel Nicolaus began coverage on shares of Bridger Aerospace Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $3.35 target price for the company. Zacks Research upgraded shares of Bridger Aerospace Group to a “hold” rating in a research report on Wednesday, April 1st. Lake Street Capital began coverage on shares of Bridger Aerospace Group in a research report on Wednesday, May 20th. They set a “buy” rating and a $4.50 target price for the company. Finally, Wall Street Zen downgraded shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th.

Bridger Aerospace Group Price Performance

Shares of BAER opened at $1.90 on Friday. The firm has a market capitalization of $106.25 million, a PE ratio of -2.26 and a beta of 0.33. Bridger Aerospace Group has a 1-year low of $1.47 and a 1-year high of $3.44. The company’s fifty day moving average price is $2.02 and its 200-day moving average price is $2.15.

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). The company had revenue of $8.51 million for the quarter, compared to analysts’ expectations of $17.23 million. Bridger Aerospace Group had a negative net margin of 10.05% and a negative return on equity of 1.21%. As a group, research analysts anticipate that Bridger Aerospace Group will post -0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new position in Bridger Aerospace Group during the second quarter valued at $26,000. HB Wealth Management LLC acquired a new position in Bridger Aerospace Group during the first quarter valued at $26,000. Janney Montgomery Scott LLC acquired a new position in Bridger Aerospace Group during the first quarter valued at $30,000. Stifel Financial Corp lifted its position in Bridger Aerospace Group by 23.6% during the fourth quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock valued at $40,000 after purchasing an additional 4,180 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Bridger Aerospace Group during the first quarter valued at $41,000. 48.94% of the stock is currently owned by institutional investors and hedge funds.

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.