Bridger Aerospace Group (NASDAQ:BAER) Price Target Raised to $5.75

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

Bridger Aerospace Group Trading Down 12.6 %

BAER opened at $2.97 on Wednesday. Bridger Aerospace Group has a 12-month low of $1.71 and a 12-month high of $7.82. The company has a market cap of $157.91 million, a price-to-earnings ratio of -2.17 and a beta of -0.29. The company’s 50 day moving average is $2.78 and its 200 day moving average is $3.28.

Bridger Aerospace Group (NASDAQ:BAER) last issued its quarterly 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 business had revenue of $64.51 million for the quarter.

Insider Buying and Selling at Bridger Aerospace Group

In other news, EVP James J. Muchmore sold 26,936 shares of Bridger Aerospace Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.58, for a total transaction of $69,494.88. Following the sale, the executive vice president now owns 844,211 shares in the company, valued at $2,178,064.38. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Samuel Carl Davis sold 19,323 shares of Bridger Aerospace Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $2.56, for a total transaction of $49,466.88. Following the sale, the chief executive officer now owns 474,352 shares in the company, valued at approximately $1,214,341.12. The trade was a 3.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 96,614 shares of company stock valued at $252,811 over the last 90 days. 76.22% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bridger Aerospace Group

Several large investors have recently bought and sold shares of BAER. Barclays PLC increased its position in Bridger Aerospace Group by 347.8% in the third quarter. Barclays PLC now owns 13,936 shares of the company’s stock worth $31,000 after purchasing an additional 10,824 shares during the last quarter. Rhumbline Advisers bought a new stake in Bridger Aerospace Group in the second quarter worth $36,000. Bank of New York Mellon Corp purchased a new position in Bridger Aerospace Group during the second quarter worth $50,000. GM Advisory Group LLC purchased a new position in Bridger Aerospace Group during the third quarter worth $61,000. Finally, Aspiriant LLC purchased a new position in Bridger Aerospace Group during the third quarter worth $145,000. 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.