Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) Receives $4.12 Average Price Target from Analysts

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) have received an average recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.1167.

A number of research firms have recently issued reports on BAER. Lake Street Capital began coverage on shares of Bridger Aerospace Group in a research note on Wednesday, May 20th. They issued a “buy” rating and a $4.50 price target on the stock. Zacks Research raised shares of Bridger Aerospace Group to a “hold” rating in a research note on Wednesday, April 1st. Canaccord Genuity Group set a $4.50 target price on shares of Bridger Aerospace Group in a research note on Friday, May 8th. Weiss Ratings downgraded shares of Bridger Aerospace Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, May 15th. Finally, Wall Street Zen downgraded shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th.

Institutional Investors Weigh In On Bridger Aerospace Group

Several large investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its stake in Bridger Aerospace Group by 23.6% during the 4th quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock worth $40,000 after buying an additional 4,180 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Bridger Aerospace Group by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 284,601 shares of the company’s stock valued at $521,000 after buying an additional 5,959 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Bridger Aerospace Group in the 1st quarter valued at $26,000. XTX Topco Ltd acquired a new position in shares of Bridger Aerospace Group in the 2nd quarter valued at $26,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Bridger Aerospace Group in the 1st quarter valued at $30,000. 48.94% of the stock is owned by hedge funds and other institutional investors.

Bridger Aerospace Group Stock Performance

Bridger Aerospace Group stock opened at $1.97 on Wednesday. The company’s 50 day simple moving average is $1.98 and its 200-day simple moving average is $2.13. The company has a market capitalization of $110.16 million, a price-to-earnings ratio of -2.35 and a beta of 0.28. Bridger Aerospace Group has a 1 year low of $1.25 and a 1 year high of $3.44.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings results on Friday, May 8th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.32). The company had revenue of $8.51 million during 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%. Equities analysts expect that Bridger Aerospace Group will post -0.49 earnings per share for the current year.

About Bridger Aerospace Group

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.