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

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) have been given a consensus rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $4.1167.

Several brokerages recently commented on BAER. Weiss Ratings downgraded shares of Bridger Aerospace Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, July 28th. Lake Street Capital assumed coverage on shares of Bridger Aerospace Group in a research report on Wednesday, May 20th. They set a “buy” rating and a $4.50 price objective for the company. Canaccord Genuity Group set a $4.50 price objective on shares of Bridger Aerospace Group in a research report on Friday, May 8th. Finally, Wall Street Zen cut Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th.

Institutional Trading of Bridger Aerospace Group

Several institutional investors have recently added to or reduced their stakes in BAER. Bank of America Corp DE increased its position in Bridger Aerospace Group by 255,063.4% during the 1st quarter. Bank of America Corp DE now owns 104,617 shares of the company’s stock worth $207,000 after buying an additional 104,576 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Bridger Aerospace Group in the first quarter valued at about $148,000. Walleye Capital LLC bought a new stake in shares of Bridger Aerospace Group in the first quarter valued at about $428,000. Dimensional Fund Advisors LP acquired a new position in shares of Bridger Aerospace Group in the first quarter valued at about $169,000. Finally, HB Wealth Management LLC acquired a new position in shares of Bridger Aerospace Group in the first quarter valued at about $26,000. 48.94% of the stock is currently owned by institutional investors.

Bridger Aerospace Group Price Performance

Shares of Bridger Aerospace Group stock opened at $1.94 on Monday. The business has a fifty day simple moving average of $1.94 and a two-hundred day simple moving average of $2.17. Bridger Aerospace Group has a 1 year low of $1.47 and a 1 year high of $3.44. The company has a market capitalization of $108.48 million, a price-to-earnings ratio of -2.31 and a beta of 0.35.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.32). The company had revenue of $8.51 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that Bridger Aerospace Group will post -0.49 earnings per share for the current fiscal 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.