Bridger Aerospace Group (NASDAQ:BAER) Posts Earnings Results, Misses Estimates By $0.15 EPS

Bridger Aerospace Group (NASDAQ:BAER) issued its quarterly earnings results on Monday. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.15), Zacks reports. Bridger Aerospace Group updated its FY 2024 guidance to EPS.

Bridger Aerospace Group Stock Up 4.8 %

NASDAQ:BAER opened at $3.50 on Tuesday. Bridger Aerospace Group has a 52 week low of $1.71 and a 52 week high of $7.82. The stock has a market cap of $186.08 million, a price-to-earnings ratio of -2.29 and a beta of -0.29. The company’s 50 day moving average price is $2.67 and its 200-day moving average price is $3.30.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a $5.25 target price on shares of Bridger Aerospace Group in a research note on Tuesday, August 13th.

Insider Activity at Bridger Aerospace Group

In other news, EVP James J. Muchmore sold 18,902 shares of the business’s 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 completion of the transaction, the executive vice president now owns 820,417 shares in the company, valued at $2,215,125.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Eric L. Gerratt sold 18,731 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.59, for a total transaction of $48,513.29. Following the completion of the transaction, the chief financial officer now directly owns 481,269 shares of the company’s stock, valued at $1,246,486.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James J. Muchmore sold 18,902 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $2.70, for a total transaction of $51,035.40. Following the completion of the sale, the executive vice president now owns 820,417 shares in the company, valued at $2,215,125.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,614 shares of company stock valued at $252,811. 76.22% of the stock is owned by corporate insiders.

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.