Bridger Aerospace Group (NASDAQ:BAER) Coverage Initiated by Analysts at Canaccord Genuity Group

Stock analysts at Canaccord Genuity Group assumed coverage on shares of Bridger Aerospace Group (NASDAQ:BAER) in a research note issued on Monday, Briefing.com reports. The firm set a “buy” rating and a $5.50 price target on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 37.50% from the stock’s previous close.

Bridger Aerospace Group Stock Up 2.3 %

BAER opened at $4.00 on Monday. The stock has a fifty day moving average of $4.27 and a 200-day moving average of $5.18. The firm has a market capitalization of $188.04 million, a P/E ratio of -2.29 and a beta of -0.11. Bridger Aerospace Group has a 12-month low of $3.75 and a 12-month high of $9.19.

Bridger Aerospace Group (NASDAQ:BAER) last released its earnings results on Monday, May 13th. The company reported ($0.55) earnings per share (EPS) for the quarter. The firm had revenue of $5.51 million during the quarter.

Institutional Trading of Bridger Aerospace Group

A hedge fund recently bought a new stake in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC acquired a new position in shares of Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 194,436 shares of the company’s stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned approximately 0.43% of Bridger Aerospace Group at the end of the most recent quarter. 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.