Bridger Aerospace Group (NASDAQ:BAER) Price Target Lowered to $5.25 at Canaccord Genuity Group

Bridger Aerospace Group (NASDAQ:BAER) had its price objective reduced by stock analysts at Canaccord Genuity Group from $5.50 to $5.25 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 50.00% from the company’s previous close.

Separately, Canaccord Genuity Group assumed coverage on Bridger Aerospace Group in a research note on Monday, June 24th. They issued a “buy” rating and a $5.50 target price on the stock.

Bridger Aerospace Group Stock Performance

Shares of BAER remained flat at $3.50 during trading hours on Tuesday. 8,897 shares of the stock were exchanged, compared to its average volume of 26,843. The stock has a 50-day moving average of $4.13 and a two-hundred day moving average of $5.10. The stock has a market capitalization of $164.54 million, a price-to-earnings ratio of -2.00 and a beta of -0.13. Bridger Aerospace Group has a 1 year low of $3.44 and a 1 year high of $9.19.

Bridger Aerospace Group (NASDAQ:BAER) last announced its quarterly earnings data on Monday, May 13th. The company reported ($0.55) earnings per share (EPS) for the quarter. The company 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 acquired a new position in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 194,436 shares of the company’s stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned 0.43% of Bridger Aerospace Group as of its most recent filing with the Securities & Exchange Commission. 48.94% of the stock is owned by institutional investors and hedge funds.

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.