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

Bridger Aerospace Group (NASDAQ:BAER) had its target price hoisted by stock analysts at Canaccord Genuity Group from $5.25 to $5.75 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 69.12% from the company’s current price.

Bridger Aerospace Group Stock Up 1.5 %

BAER stock opened at $3.40 on Wednesday. Bridger Aerospace Group has a twelve month low of $1.71 and a twelve month high of $7.82. The company has a market cap of $180.78 million, a PE ratio of -2.45 and a beta of -0.29. The business’s 50-day simple moving average is $2.72 and its 200 day simple moving average is $3.29.

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

Insider Buying and Selling at Bridger Aerospace Group

In other Bridger Aerospace Group news, CFO Eric L. Gerratt sold 18,731 shares of Bridger Aerospace Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $2.59, for a total transaction of $48,513.29. Following the sale, the chief financial officer now directly owns 481,269 shares of the company’s stock, valued at approximately $1,246,486.71. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James J. Muchmore sold 26,936 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 844,211 shares in the company, valued at approximately $2,178,064.38. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 96,614 shares of company stock valued at $252,811 in the last 90 days. 76.22% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers bought a new stake in shares of Bridger Aerospace Group in the 2nd quarter worth about $36,000. Bank of New York Mellon Corp acquired a new position in Bridger Aerospace Group in the second quarter valued at about $50,000. GM Advisory Group LLC bought a new stake in Bridger Aerospace Group during the third quarter worth about $61,000. Peterson Wealth Advisors LLC increased its holdings in shares of Bridger Aerospace Group by 20.0% during the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after buying an additional 38,887 shares in the last quarter. Finally, Aspiriant LLC bought a new position in shares of Bridger Aerospace Group in the third quarter valued at approximately $145,000. 48.94% of the stock is 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.