Bridger Aerospace Group (NASDAQ:BAER) Rating Reiterated by Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Bridger Aerospace Group (NASDAQ:BAER) in a report issued on Tuesday, Benzinga reports. Canaccord Genuity Group currently has a $5.25 price target on the stock.

Separately, Canaccord Genuity Group assumed coverage on Bridger Aerospace Group in a research report on Monday, June 24th. They set a buy rating and a $5.50 target price on the stock.

Bridger Aerospace Group Stock Performance

BAER opened at $3.25 on Tuesday. The business’s 50-day simple moving average is $3.47 and its 200-day simple moving average is $4.38. The company has a market cap of $152.80 million, a P/E ratio of -1.86 and a beta of -0.14. Bridger Aerospace Group has a one year low of $2.81 and a one year high of $9.19.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings data on Monday, August 12th. The company reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08). The business had revenue of $13.01 million for the quarter.

Hedge Funds Weigh In On Bridger Aerospace Group

Several institutional investors have recently added to or reduced their stakes in BAER. Rhumbline Advisers purchased a new position in shares of Bridger Aerospace Group in the 2nd quarter valued at approximately $36,000. Bank of New York Mellon Corp acquired a new stake in shares of Bridger Aerospace Group during the second quarter worth $50,000. Finally, Peterson Wealth Advisors LLC purchased a new position in Bridger Aerospace Group in the 1st quarter valued at $976,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

About Bridger Aerospace Group

Bridger Aerospace Group Holdings, Inc provides aerial wildfire management, relief and suppression, and firefighting services to federal and state government agencies in the United States. It offers fire suppression services, such as direct fire suppression aerial firefighting support services for ground crew to drop large amounts of water quickly and directly on wildfires.