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

Canaccord Genuity Group started coverage on shares of Bridger Aerospace Group (NASDAQ:BAER) in a research report report published on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $5.50 price objective on the stock.

Bridger Aerospace Group Stock Performance

BAER stock opened at $3.89 on Monday. The firm has a market cap of $182.87 million, a PE ratio of -2.22 and a beta of -0.11. The firm’s 50 day moving average price is $4.18 and its 200-day moving average price is $5.13. Bridger Aerospace Group has a one year low of $3.75 and a one year high of $9.19.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings results on Monday, May 13th. The company reported ($0.55) EPS for the quarter. The firm had revenue of $5.51 million for the quarter.

Institutional Trading of Bridger Aerospace Group

An institutional investor recently bought a new position in Bridger Aerospace Group stock. Peterson Wealth Advisors LLC bought a new stake in Bridger Aerospace Group Holdings, Inc. (NASDAQ:BAER) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 194,436 shares of the company’s stock, valued at approximately $976,000. Peterson Wealth Advisors LLC owned about 0.43% of Bridger Aerospace Group as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 48.94% of the company’s stock.

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.