Bridger Aerospace Group (NASDAQ:BAER) Given “Buy” Rating at Canaccord Genuity Group

Bridger Aerospace Group (NASDAQ:BAER)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research note issued on Wednesday,Benzinga reports. They presently have a $6.00 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 121.40% from the stock’s current price.

Bridger Aerospace Group Stock Performance

Bridger Aerospace Group stock opened at $2.71 on Wednesday. The stock has a fifty day moving average of $2.64 and a two-hundred day moving average of $2.81. Bridger Aerospace Group has a fifty-two week low of $1.71 and a fifty-two week high of $6.78. The company has a market capitalization of $146.47 million, a price-to-earnings ratio of -1.98 and a beta of -0.29.

Bridger Aerospace Group (NASDAQ:BAER) last posted 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.

Institutional Trading of Bridger Aerospace Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Bridger Aerospace Group by 54.0% in the 3rd quarter. Geode Capital Management LLC now owns 351,374 shares of the company’s stock valued at $780,000 after purchasing an additional 123,158 shares in the last quarter. Mill Creek Capital Advisors LLC acquired a new stake in shares of Bridger Aerospace Group in the third quarter valued at about $433,000. Barclays PLC raised its stake in shares of Bridger Aerospace Group by 347.8% during the third quarter. Barclays PLC now owns 13,936 shares of the company’s stock valued at $31,000 after purchasing an additional 10,824 shares during the period. Rhumbline Advisers purchased a new stake in Bridger Aerospace Group during the 2nd quarter worth $36,000. Finally, Bank of New York Mellon Corp purchased a new position in Bridger Aerospace Group in the 2nd quarter valued at about $50,000. 48.94% of the stock is currently owned by institutional investors and hedge funds.

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.