Bridger Aerospace Group (NASDAQ:BAER) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Bridger Aerospace Group (NASDAQ:BAER) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridger Aerospace Group in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.25.

Bridger Aerospace Group Price Performance

BAER opened at $1.90 on Friday. The firm has a market capitalization of $105.53 million, a PE ratio of -3.65 and a beta of 0.15. The business’s 50-day moving average is $1.76 and its two-hundred day moving average is $1.77. Bridger Aerospace Group has a 1 year low of $1.02 and a 1 year high of $4.44.

Bridger Aerospace Group (NASDAQ:BAER) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. Bridger Aerospace Group had a net margin of 4.96% and a negative return on equity of 1.91%. The business had revenue of $67.89 million during the quarter, compared to analyst estimates of $48.40 million. Bridger Aerospace Group has set its FY 2025 guidance at EPS.

Institutional Trading of Bridger Aerospace Group

Several large investors have recently bought and sold shares of BAER. Charles Schwab Investment Management Inc. raised its holdings in shares of Bridger Aerospace Group by 61.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 33,001 shares of the company’s stock worth $37,000 after buying an additional 12,500 shares during the last quarter. First Manhattan CO. LLC. increased its position in shares of Bridger Aerospace Group by 7.2% in the 1st quarter. First Manhattan CO. LLC. now owns 1,479,705 shares of the company’s stock valued at $1,672,000 after acquiring an additional 100,000 shares during the period. HighMark Wealth Management LLC raised its stake in Bridger Aerospace Group by 37.4% in the 2nd quarter. HighMark Wealth Management LLC now owns 110,162 shares of the company’s stock worth $213,000 after acquiring an additional 30,000 shares during the last quarter. Vanguard Group Inc. lifted its position in Bridger Aerospace Group by 7.9% during the 3rd quarter. Vanguard Group Inc. now owns 809,615 shares of the company’s stock worth $1,498,000 after acquiring an additional 59,482 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in Bridger Aerospace Group by 555.6% during the 2nd quarter. Bridgeway Capital Management LLC now owns 76,700 shares of the company’s stock worth $148,000 after acquiring an additional 65,000 shares during the period. Hedge funds and other 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.