Bridger Aerospace Group (NASDAQ:BAER) Upgraded at Zacks Research

Zacks Research upgraded shares of Bridger Aerospace Group (NASDAQ:BAER) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on BAER. Stifel Nicolaus assumed coverage on Bridger Aerospace Group in a report on Tuesday. They issued a “buy” rating and a $3.35 target price on the stock. Wall Street Zen lowered Bridger Aerospace Group from a “hold” rating to a “strong sell” rating in a research report on Sunday, March 15th. Canaccord Genuity Group dropped their price target on Bridger Aerospace Group from $5.25 to $5.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Finally, Weiss Ratings lowered shares of Bridger Aerospace Group from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 9th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $4.18.

Bridger Aerospace Group Price Performance

BAER stock opened at $2.02 on Wednesday. The firm has a market cap of $112.96 million, a PE ratio of -3.61 and a beta of 0.27. Bridger Aerospace Group has a 12 month low of $1.02 and a 12 month high of $3.44. The firm has a 50 day simple moving average of $2.41 and a 200 day simple moving average of $2.06.

Bridger Aerospace Group (NASDAQ:BAER) last posted its quarterly earnings results on Thursday, March 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.10). Bridger Aerospace Group had a negative return on equity of 1.21% and a net margin of 3.37%.The business had revenue of $8.55 million during the quarter, compared to analyst estimates of $6.50 million.

Institutional Trading of Bridger Aerospace Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in Bridger Aerospace Group during the second quarter valued at $26,000. Stifel Financial Corp boosted its position in Bridger Aerospace Group by 23.6% during the 4th quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock worth $40,000 after acquiring an additional 4,180 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Bridger Aerospace Group during the 1st quarter valued at about $41,000. Stanley Laman Group Ltd. purchased a new position in Bridger Aerospace Group during the 4th quarter valued at about $52,000. Finally, Centiva Capital LP acquired a new position in shares of Bridger Aerospace Group in the 3rd quarter valued at about $53,000. Institutional investors and hedge funds own 48.94% of the company’s stock.

Bridger Aerospace Group Company Profile

Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.

Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.