Bridger Aerospace Group (NASDAQ:BAER) PT Lowered to $5.25

Bridger Aerospace Group (NASDAQ:BAER) had its price objective dropped by investment analysts at Canaccord Genuity Group from $5.50 to $5.25 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 56.48% from the company’s previous close.

Separately, Canaccord Genuity Group began coverage on shares of Bridger Aerospace Group in a research report on Monday, June 24th. They set a “buy” rating and a $5.50 price target for the company.

Bridger Aerospace Group Trading Up 4.2 %

BAER opened at $3.36 on Tuesday. The stock has a market capitalization of $157.73 million, a PE ratio of -1.92 and a beta of -0.13. Bridger Aerospace Group has a 1-year low of $3.18 and a 1-year high of $9.19. The firm has a 50-day moving average price of $4.07 and a two-hundred day moving average price of $5.06.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.55) earnings per share for the quarter. The business had revenue of $5.51 million for the quarter.

Institutional Investors Weigh In On Bridger Aerospace Group

A hedge fund recently bought a new stake in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC acquired a new stake in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 194,436 shares of the company’s stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned 0.43% of Bridger Aerospace Group as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.