Bridger Aerospace Group (NASDAQ:BAER) Research Coverage Started at Stifel Nicolaus

Stifel Nicolaus began coverage on shares of Bridger Aerospace Group (NASDAQ:BAER) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $3.35 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Bridger Aerospace Group from a “hold” rating to a “strong sell” rating in a report on Sunday, March 15th. Weiss Ratings lowered Bridger Aerospace Group from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 9th. Finally, Canaccord Genuity Group reduced their price objective on Bridger Aerospace Group from $5.25 to $5.00 and set a “buy” rating for the company in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.18.

Bridger Aerospace Group Trading Up 1.5%

Shares of BAER opened at $2.02 on Tuesday. The company’s 50 day simple moving average is $2.42 and its 200-day simple moving average is $2.06. The firm has a market cap of $112.96 million, a PE ratio of -3.61 and a beta of 0.27. Bridger Aerospace Group has a 12-month low of $1.02 and a 12-month high of $3.44.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings results on Thursday, March 5th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.30) by ($0.10). Bridger Aerospace Group had a net margin of 3.37% and a negative return on equity of 1.21%. The business had revenue of $8.55 million during the quarter, compared to analysts’ expectations of $6.50 million.

Institutional Investors Weigh In On Bridger Aerospace Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in Bridger Aerospace Group in the second quarter valued at $26,000. Stifel Financial Corp boosted 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 worth $40,000 after buying an additional 4,180 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Bridger Aerospace Group in the 1st quarter worth about $41,000. Stanley Laman Group Ltd. purchased a new stake in Bridger Aerospace Group in the 4th quarter valued at about $52,000. Finally, Centiva Capital LP purchased a new stake in Bridger Aerospace Group in the 3rd quarter valued at about $53,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

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.