Bridger Aerospace Group (NASDAQ:BAER) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bridger Aerospace Group (NASDAQ:BAER) from a sell rating to a hold rating in a report issued on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also recently weighed in on the company. Canaccord Genuity Group dropped their price target on Bridger Aerospace Group from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Lake Street Capital reiterated a “buy” rating and issued a $4.00 price objective on shares of Bridger Aerospace Group in a research report on Friday, August 7th. Stifel Nicolaus set a $3.00 price objective on shares of Bridger Aerospace Group in a research note on Monday, August 10th. Finally, Weiss Ratings raised shares of Bridger Aerospace Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, September 18th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.67.

Bridger Aerospace Group Trading Down 3.1%

BAER stock opened at $0.66 on Friday. The company has a market cap of $36.85 million, a P/E ratio of -0.78 and a beta of 0.36. Bridger Aerospace Group has a 52 week low of $0.54 and a 52 week high of $3.44. The company’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.68.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The firm had revenue of $30.49 million during the quarter, compared to analyst estimates of $37.04 million. On average, equities research analysts expect that Bridger Aerospace Group will post -0.58 earnings per share for the current year.

Insider Buying and Selling at Bridger Aerospace Group

In other Bridger Aerospace Group news, major shareholder Holdings L.P. Blackstone II sold 1,900,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $1.70, for a total transaction of $3,230,000.00. Following the sale, the insider owned 58,205 shares in the company, valued at approximately $98,948.50. This represents a 97.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Holdings I. L.P. Blackstone sold 2,778,124 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $1.04, for a total value of $2,889,248.96. Following the transaction, the insider directly owned 37,272 shares of the company’s stock, valued at $38,762.88. The trade was a 98.68% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.36% of the stock is owned by insiders.

Institutional Trading of Bridger Aerospace Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Bridger Aerospace Group in the 2nd quarter valued at about $560,000. Walleye Capital LLC acquired a new stake in shares of Bridger Aerospace Group during the 1st quarter worth about $428,000. Bank of America Corp DE grew its holdings in shares of Bridger Aerospace Group by 255,063.4% during the first 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 in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Bridger Aerospace Group during the first quarter worth about $169,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Bridger Aerospace Group in the first quarter valued at approximately $148,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group is an aerial firefighting and aviation services company headquartered in Bozeman, Montana. The company provides wildfire suppression services primarily to federal, state and local government agencies, helping protect communities, natural resources and critical infrastructure during wildfire events.

Bridger Aerospace operates a specialized aircraft fleet that includes firefighting airtankers and amphibious aircraft used to deliver water or retardant to active fires.