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

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) have received an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings 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 target price among brokers that have issued a report on the stock in the last year is $4.1167.

Several research analysts recently issued reports on the company. Zacks Research raised Bridger Aerospace Group to a “hold” rating in a research report on Wednesday, April 1st. Lake Street Capital started coverage on Bridger Aerospace Group in a research report on Wednesday, May 20th. They issued a “buy” rating and a $4.50 price target for the company. Stifel Nicolaus began coverage on Bridger Aerospace Group in a research note on Tuesday, March 31st. They set a “buy” rating and a $3.35 price objective on the stock. Wall Street Zen downgraded shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th. Finally, Weiss Ratings lowered shares of Bridger Aerospace Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd.

Bridger Aerospace Group Price Performance

BAER opened at $1.93 on Thursday. Bridger Aerospace Group has a fifty-two week low of $1.47 and a fifty-two week high of $3.44. The firm has a market capitalization of $107.93 million, a PE ratio of -2.30 and a beta of 0.35. The company’s 50-day moving average is $1.92 and its 200 day moving average is $2.17.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.69) EPS 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 the consensus estimate of $17.23 million. Bridger Aerospace Group had a negative return on equity of 1.21% and a negative net margin of 10.05%. As a group, analysts expect that Bridger Aerospace Group will post -0.49 EPS for the current year.

Institutional Investors Weigh In On Bridger Aerospace Group

Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in Bridger Aerospace Group by 23.6% in the 4th quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock valued at $40,000 after buying an additional 4,180 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 worth $521,000 after buying an additional 5,959 shares during the last quarter. HB Wealth Management LLC purchased a new position in shares of Bridger Aerospace Group in the 1st quarter worth approximately $26,000. XTX Topco Ltd bought a new position in shares of Bridger Aerospace Group in the second quarter valued at approximately $26,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Bridger Aerospace Group in the first quarter valued at approximately $30,000. 48.94% of the stock is owned by institutional investors.

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.