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

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) have received an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.1167.

Several brokerages have commented on BAER. Zacks Research raised shares of Bridger Aerospace Group to a “hold” rating in a research report on Wednesday, April 1st. Canaccord Genuity Group set a $4.50 price target on shares of Bridger Aerospace Group in a research report on Friday, May 8th. Lake Street Capital began coverage on shares of 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 shares of Bridger Aerospace Group in a research report on Tuesday, March 31st. They issued a “buy” rating and a $3.35 price target for the company. Finally, Weiss Ratings raised shares of Bridger Aerospace Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 2nd.

Hedge Funds Weigh In On Bridger Aerospace Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BAER. Dynamic Technology Lab Private Ltd purchased a new position in Bridger Aerospace Group in the 1st quarter valued at approximately $41,000. XTX Topco Ltd acquired a new stake in shares of Bridger Aerospace Group in the 2nd quarter valued at $26,000. Jane Street Group LLC acquired a new stake in shares of Bridger Aerospace Group in the 2nd quarter valued at $73,000. Bridgeway Capital Management LLC raised its holdings in shares of Bridger Aerospace Group by 555.6% in the 2nd quarter. Bridgeway Capital Management LLC now owns 76,700 shares of the company’s stock valued at $148,000 after purchasing an additional 65,000 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Bridger Aerospace Group by 7.9% in the 3rd quarter. Vanguard Group Inc. now owns 809,615 shares of the company’s stock valued at $1,498,000 after purchasing an additional 59,482 shares in the last quarter. Hedge funds and other institutional investors own 48.94% of the company’s stock.

Bridger Aerospace Group Stock Performance

NASDAQ:BAER opened at $1.90 on Friday. The stock has a market capitalization of $106.25 million, a P/E ratio of -2.26 and a beta of 0.33. The company has a 50 day moving average price of $2.02 and a 200 day moving average price of $2.15. Bridger Aerospace Group has a fifty-two week low of $1.47 and a fifty-two week high of $3.44.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings results on Friday, May 8th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.32). Bridger Aerospace Group had a negative net margin of 10.05% and a negative return on equity of 1.21%. The business had revenue of $8.51 million during the quarter, compared to analysts’ expectations of $17.23 million. Research analysts forecast that Bridger Aerospace Group will post -0.49 earnings per share for the current fiscal year.

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.