Bridger Aerospace Group Holdings, Inc. (BAER) – What Are Researchers Thinking About This Stock?

Shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $3.67.

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of Bridger Aerospace Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, October 6th. Stifel Nicolaus set a $3.00 price target on shares of Bridger Aerospace Group in a research report on Monday, August 10th. Lake Street Capital reiterated a “buy” rating and issued a $4.00 price objective on shares of Bridger Aerospace Group in a research report on Friday, August 7th. Wall Street Zen lowered Bridger Aerospace Group from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Finally, Canaccord Genuity Group dropped their price objective on Bridger Aerospace Group from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, August 10th.

Bridger Aerospace Group Trading Down 6.0%

Shares of NASDAQ:BAER opened at $0.20 on Wednesday. The company has a 50 day moving average of $0.67 and a 200 day moving average of $1.68. The stock has a market cap of $10.99 million, a P/E ratio of -0.23 and a beta of 0.42. Bridger Aerospace Group has a 12 month low of $0.17 and a 12 month high of $3.44.

Insiders Place Their Bets

In other Bridger Aerospace Group news, Director Jeffrey E. Kelter purchased 100,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $1.20 per share, with a total value of $120,000.00. Following the acquisition, the director directly owned 677,800 shares in the company, valued at approximately $813,360. The trade was a 17.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in Bridger Aerospace Group in the first quarter valued at approximately $30,000. Walleye Capital LLC purchased a new position in Bridger Aerospace Group in the 1st quarter worth approximately $428,000. BlackRock Inc. purchased a new position in Bridger Aerospace Group in the 2nd quarter worth approximately $560,000. Bank of America Corp DE grew its stake in Bridger Aerospace Group by 255,063.4% in the 1st quarter. Bank of America Corp DE now owns 104,617 shares of the company’s stock worth $207,000 after buying an additional 104,576 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of Bridger Aerospace Group in the 1st quarter worth $26,000. Hedge funds and other institutional investors own 48.94% of the company’s stock.

About Bridger Aerospace Group

Bridger Aerospace Group Co. is an aerial firefighting and wildfire management company based in Montana. The company provides aircraft, crews and related services to help government agencies and other customers detect, contain and suppress wildfires. Its operations include aerial delivery of fire retardant and water, wildfire surveillance, intelligence and mapping, and other specialized aviation services. Bridger operates a fleet of aircraft designed for wildfire response and serves federal, state and local agencies, primarily in the United States.