Canaccord Genuity Group Increases Bridger Aerospace Group (NASDAQ:BAER) Price Target to $5.75

Bridger Aerospace Group (NASDAQ:BAER) had its target price upped by Canaccord Genuity Group from $5.25 to $5.75 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Bridger Aerospace Group Stock Performance

Shares of BAER stock opened at $2.97 on Wednesday. The stock has a 50 day moving average price of $2.78 and a 200 day moving average price of $3.28. Bridger Aerospace Group has a 52-week low of $1.71 and a 52-week high of $7.82. The firm has a market capitalization of $157.90 million, a P/E ratio of -2.17 and a beta of -0.29.

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

Insiders Place Their Bets

In other Bridger Aerospace Group news, CEO Samuel Carl Davis sold 19,323 shares of Bridger Aerospace Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $2.56, for a total transaction of $49,466.88. Following the completion of the sale, 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 3.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP James J. Muchmore sold 18,902 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total value of $51,035.40. Following the transaction, the executive vice president now directly owns 820,417 shares in the company, valued at $2,215,125.90. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,614 shares of company stock worth $252,811 in the last three months. Corporate insiders own 76.22% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position 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 worth $780,000 after purchasing an additional 123,158 shares during the period. Peterson Wealth Advisors LLC lifted its holdings in Bridger Aerospace Group by 20.0% during the third quarter. Peterson Wealth Advisors LLC now owns 233,323 shares of the company’s stock worth $518,000 after buying an additional 38,887 shares during the period. Mill Creek Capital Advisors LLC purchased a new stake in Bridger Aerospace Group during the third quarter worth $433,000. Aspiriant LLC bought a new stake in Bridger Aerospace Group during the 3rd quarter valued at $145,000. Finally, GM Advisory Group LLC purchased a new position in shares of Bridger Aerospace Group in the 3rd quarter valued at $61,000. 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.