Bridger Aerospace Group (NASDAQ:BAER) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Bridger Aerospace Group (NASDAQ:BAER) in a research report released on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $5.50 price objective on the stock.

Separately, Canaccord Genuity Group started coverage on Bridger Aerospace Group in a research note on Monday. They issued a buy rating and a $5.50 target price for the company.

Bridger Aerospace Group Stock Performance

NASDAQ BAER opened at $3.89 on Monday. Bridger Aerospace Group has a fifty-two week low of $3.75 and a fifty-two week high of $9.19. The stock has a 50 day simple moving average of $4.18 and a two-hundred day simple moving average of $5.13. The stock has a market cap of $182.87 million, a P/E ratio of -2.22 and a beta of -0.11.

Bridger Aerospace Group (NASDAQ:BAER) last released 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 during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC bought a new position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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. 48.94% of the stock is owned by institutional investors.

Bridger Aerospace Group Company Profile

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.