Bridge Investment Group (NYSE:BRDG – Get Free Report) had its price objective dropped by Wells Fargo & Company from $12.00 to $10.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 37.74% from the company’s previous close.
BRDG has been the topic of several other research reports. TD Cowen began coverage on Bridge Investment Group in a research note on Thursday, January 4th. They set an “outperform” rating and a $11.00 target price on the stock. Morgan Stanley decreased their target price on Bridge Investment Group from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 21st.
View Our Latest Stock Analysis on Bridge Investment Group
Bridge Investment Group Stock Performance
Shares of Bridge Investment Group stock opened at $7.26 on Friday. Bridge Investment Group has a 52 week low of $6.84 and a 52 week high of $14.01. The business’s fifty day simple moving average is $9.36 and its 200-day simple moving average is $9.02. The firm has a market cap of $248.46 million, a PE ratio of -16.13 and a beta of 1.81. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.78.
Institutional Investors Weigh In On Bridge Investment Group
A number of hedge funds have recently bought and sold shares of the stock. Quarry LP acquired a new stake in Bridge Investment Group in the 4th quarter valued at about $37,000. Barclays PLC raised its position in Bridge Investment Group by 89.8% in the 4th quarter. Barclays PLC now owns 159,942 shares of the company’s stock valued at $1,565,000 after purchasing an additional 75,658 shares in the last quarter. Vanguard Group Inc. raised its position in Bridge Investment Group by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 2,662,939 shares of the company’s stock valued at $26,044,000 after purchasing an additional 43,783 shares in the last quarter. Oracle Alpha Inc. acquired a new stake in Bridge Investment Group in the 4th quarter valued at about $136,000. Finally, Comerica Bank increased its holdings in shares of Bridge Investment Group by 31.7% in the 4th quarter. Comerica Bank now owns 20,368 shares of the company’s stock valued at $199,000 after acquiring an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 58.41% 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.
Further Reading
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Source: americanbankingnews.com
