Canaccord Genuity Group Forecasts Strong Price Appreciation for Bridger Aerospace Group (NASDAQ:BAER) Stock

Bridger Aerospace Group (NASDAQ:BAER) had its price target boosted by investment analysts at Canaccord Genuity Group from $5.25 to $5.75 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 56.68% from the stock’s current price.

Bridger Aerospace Group Trading Up 4.9 %

Shares of NASDAQ BAER opened at $3.67 on Wednesday. The company has a 50 day simple moving average of $2.70 and a two-hundred day simple moving average of $3.29. Bridger Aerospace Group has a 12 month low of $1.71 and a 12 month high of $7.82. The stock has a market cap of $195.13 million, a price-to-earnings ratio of -2.68 and a beta of -0.29.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.15). The firm had revenue of $64.51 million during the quarter.

Insider Transactions at Bridger Aerospace Group

In related news, CFO Eric L. Gerratt sold 18,731 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $2.59, for a total value of $48,513.29. Following the completion of the transaction, the chief financial officer now directly owns 481,269 shares in the company, valued at $1,246,486.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Eric L. Gerratt sold 18,731 shares of Bridger Aerospace Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.59, for a total value of $48,513.29. Following the completion of the transaction, the chief financial officer now owns 481,269 shares in the company, valued at $1,246,486.71. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Samuel Carl Davis sold 19,323 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $2.56, for a total value of $49,466.88. Following the completion of the transaction, the chief executive officer now directly owns 474,352 shares of the company’s stock, valued at $1,214,341.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,614 shares of company stock valued at $252,811 in the last 90 days. 76.22% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bridger Aerospace Group

A number of institutional investors have recently added to or reduced their stakes in BAER. Bank of New York Mellon Corp acquired a new position in Bridger Aerospace Group during the second quarter worth $50,000. Rhumbline Advisers purchased a new stake in shares of Bridger Aerospace Group during the second quarter worth about $36,000. Aspiriant LLC acquired a new position in shares of Bridger Aerospace Group during the 3rd quarter worth about $145,000. Peterson Wealth Advisors LLC raised its position in shares of Bridger Aerospace Group by 20.0% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after purchasing an additional 38,887 shares during the last quarter. Finally, Mill Creek Capital Advisors LLC purchased a new position in Bridger Aerospace Group in the 3rd quarter valued at about $433,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Bridger Aerospace Group Company Profile

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.