Bridger Aerospace Group (NASDAQ:BAER) Upgraded at Zacks Research

Bridger Aerospace Group (NASDAQ:BAER) was upgraded by analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus started coverage on Bridger Aerospace Group in a report on Tuesday. They set a “buy” rating and a $3.35 price target for the company. Canaccord Genuity Group dropped their price target on shares of Bridger Aerospace Group from $5.25 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Weiss Ratings downgraded shares of Bridger Aerospace Group from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, March 9th. Finally, Wall Street Zen lowered shares of Bridger Aerospace Group from a “hold” rating to a “strong sell” rating in a research note on Sunday, March 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.18.

Bridger Aerospace Group Stock Up 1.5%

Bridger Aerospace Group stock opened at $2.02 on Wednesday. The company has a market capitalization of $112.96 million, a P/E ratio of -3.61 and a beta of 0.27. The stock’s 50 day moving average is $2.42 and its 200 day moving average is $2.06. Bridger Aerospace Group has a twelve month low of $1.02 and a twelve month high of $3.44.

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

Institutional Trading of Bridger Aerospace Group

Institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp increased its holdings in shares of 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 purchasing an additional 4,180 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Bridger Aerospace Group by 2.1% during the fourth 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 during the last quarter. Apollon Wealth Management LLC boosted its position in shares of Bridger Aerospace Group by 34.5% during the third quarter. Apollon Wealth Management LLC now owns 39,000 shares of the company’s stock valued at $72,000 after buying an additional 10,000 shares during the last quarter. XTX Topco Ltd bought a new stake in Bridger Aerospace Group in the 2nd quarter worth about $26,000. Finally, State Street Corp increased its holdings in Bridger Aerospace Group by 32.1% in the 4th quarter. State Street Corp now owns 101,280 shares of the company’s stock worth $185,000 after buying an additional 24,600 shares in the last quarter. 48.94% of the stock is currently owned by hedge funds and other 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.