Bridger Aerospace Group (NASDAQ:BAER) Price Target Cut to $5.25 by Analysts at Canaccord Genuity Group

Bridger Aerospace Group (NASDAQ:BAER) had its price objective lowered by Canaccord Genuity Group from $5.50 to $5.25 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Canaccord Genuity Group started 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 objective for the company.

Bridger Aerospace Group Stock Performance

NASDAQ:BAER opened at $3.22 on Tuesday. The company has a market capitalization of $151.37 million, a PE ratio of -1.84 and a beta of -0.13. The company has a 50 day simple moving average of $4.10 and a two-hundred day simple moving average of $5.08. Bridger Aerospace Group has a fifty-two week low of $3.18 and a fifty-two week 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 for the quarter. The business had revenue of $5.51 million for 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 purchased a new stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 194,436 shares of the company’s stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned 0.43% of Bridger Aerospace Group at the end of the most recent quarter. 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.