Bridge Investment Group (NYSE:BRDG) Stock Price Expected to Rise, UBS Group Analyst Says

Bridge Investment Group (NYSE:BRDG) had its price objective increased by UBS Group from $7.50 to $12.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 15.66% from the company’s previous close.

BRDG has been the subject of a number of other reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.00 price objective (down from $12.00) on shares of Bridge Investment Group in a report on Tuesday, January 7th. Morgan Stanley downgraded Bridge Investment Group from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $14.00 to $11.00 in a research report on Friday, November 8th. TD Cowen cut their price objective on Bridge Investment Group from $10.50 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their target price on shares of Bridge Investment Group from $12.00 to $10.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.90.

Bridge Investment Group Stock Performance

Shares of BRDG stock opened at $10.38 on Wednesday. The business’s 50-day moving average price is $8.17 and its 200-day moving average price is $8.98. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 259.44 and a beta of 1.56. Bridge Investment Group has a 12 month low of $6.18 and a 12 month high of $11.69. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.86.

Bridge Investment Group (NYSE:BRDG) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $81.96 million during the quarter, compared to analysts’ expectations of $82.02 million. Bridge Investment Group had a net margin of 1.92% and a return on equity of 9.91%. Equities research analysts forecast that Bridge Investment Group will post 0.68 EPS for the current year.

Insider Buying and Selling

In related news, Vice Chairman Dean Allara sold 10,438 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.29, for a total transaction of $86,531.02. Following the transaction, the insider now owns 683,606 shares in the company, valued at $5,667,093.74. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan Slager sold 11,403 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $8.29, for a total transaction of $94,530.87. Following the completion of the sale, the chief executive officer now owns 962,481 shares of the company’s stock, valued at $7,978,967.49. The trade was a 1.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 145,187 shares of company stock valued at $1,204,966 over the last 90 days. Company insiders own 73.00% of the company’s stock.

Hedge Funds Weigh In On Bridge Investment Group

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of Bridge Investment Group in the 3rd quarter valued at about $102,000. EP Wealth Advisors LLC bought a new position in Bridge Investment Group in the fourth quarter worth approximately $89,000. Paloma Partners Management Co bought a new position in Bridge Investment Group in the third quarter worth approximately $110,000. Aquatic Capital Management LLC acquired a new stake in Bridge Investment Group in the fourth quarter valued at approximately $95,000. Finally, XTX Topco Ltd bought a new stake in shares of Bridge Investment Group during the third quarter valued at approximately $127,000. Institutional investors and hedge funds own 52.83% of the company’s stock.

Bridge Investment Group Company Profile

Bridge Investment Group Holdings Inc engages in the real estate investment management business in the United States. It manages capital on behalf of approximately hundred global institutions and 6,500 individual investors across approximately 25 investment vehicles. The company was founded in 2009 and is headquartered in Salt Lake City, Utah.