Bridge Investment Group (BRDG) Expected to Announce Earnings on Monday

Bridge Investment Group (NYSE:BRDG) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $80.55 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Bridge Investment Group Price Performance

NYSE BRDG opened at $7.90 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.86. Bridge Investment Group has a 12-month low of $6.18 and a 12-month high of $11.69. The company has a market capitalization of $956.56 million, a PE ratio of 197.55 and a beta of 1.55. The firm’s 50 day moving average is $8.04 and its 200-day moving average is $8.90.

Insider Activity at Bridge Investment Group

In other Bridge Investment Group news, CFO Katherine Elsnab sold 3,078 shares of Bridge Investment Group stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total transaction of $25,516.62. Following the completion of the transaction, the chief financial officer now directly owns 303,937 shares of the company’s stock, valued at $2,519,637.73. The trade was a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Dean Allara sold 10,877 shares of Bridge Investment Group stock in a transaction on Monday, January 6th. The stock was sold at an average price of $8.31, for a total transaction of $90,387.87. Following the transaction, the insider now directly owns 662,473 shares of the company’s stock, valued at approximately $5,505,150.63. This trade represents a 1.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,187 shares of company stock valued at $1,204,966. 65.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BRDG has been the topic of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. TD Cowen lowered their price objective on shares of Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, November 12th. Morgan Stanley downgraded shares of Bridge Investment Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $14.00 to $11.00 in a report on Friday, November 8th. Finally, Wells Fargo & Company decreased their target price on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.40.

Bridge Investment Group Company Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.