Bridge Investment Group (NYSE:BRDG) PT Raised to $14.00

Bridge Investment Group (NYSE:BRDG – Get Free Report) Its price objective was lifted by stock analysts at Morgan Stanley from $11.00 to $14.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 39.44% from the company’s previous close.

Separately, Wells Fargo & Company lifted their price target on shares of Bridge Investment Group from $11.00 to $11.50 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Bridge Investment Group currently has a consensus rating of “Moderate Buy” and an average price target of $10.90, based on data from MarketBeat.

See the latest stock report on BRDG

Bridge Investment Group stock rose 3.0%

BRDG traded up $0.29 during midday trading on Thursday, reaching $10.04. The company’s stock had a trading volume of 169,503 shares, compared to its average volume of 233,573. The stock’s 50-day moving average is $8.50 and its 200-day moving average is $7.73. Bridge Investment Group has a 1 year low of $6.18 and a 1 year high of $10.15. The company has a current ratio of 1.21, a quick ratio of 1.21, and a debt-to-equity ratio of 0.85. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -41.75 and a beta of 1.65.

Bridge Investment Group (NYSE:BRDG – Get Free Report ) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Bridge Investment Group had a net margin of 0.82% and a return on equity of 16.35%. The company had revenue of $104.76 million for the quarter, compared to the consensus estimate of $79.05 million. In the same quarter last year, the firm earned $0.20 per share. As a group, research analysts expect that Bridge Investment Group will post 0.77 EPS for the current year.

Insider trading at Bridge Investment Group

In other Bridge Investment Group news, COO Adam O’farrell sold 3,748 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $8.26, for a total value of $30,958.48. Following the transaction, the chief operating officer now directly owns 455,514 shares of the company’s stock, valued at approximately $3,762,545.64. The trade was a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In related news, COO Adam O’farrell sold 3,748 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $8.26, for a total value of $30,958.48. Following the sale, the chief operating officer now directly owns 455,514 shares in the company, valued at $3,762,545.64. The trade was a 0.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dean Allara sold 5,730 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $8.26, for a total transaction of $47,329.80. Following the transaction, the insider now owns 555,276 shares in the company, valued at approximately $4,586,579.76. The transaction represented a decrease of 0.00 % in the stock holding. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,366 shares of company stock worth $687,133. 65.90% of shares are currently owned by insiders.

Institutional inputs and outputs

Large investors have recently modified their holdings in the business. Thornburg Investment Management Inc. raised its stake in Bridge Investment Group by 181.2% in the first quarter. Thornburg Investment Management Inc. now owns 783,353 shares of the company’s stock worth $5,358,000 after buying an additional 504,812 shares in the last quarter. Jennison Associates LLC boosted its stake in Bridge Investment Group by 6.8% in the first quarter. Jennison Associates LLC now owns 3,261,218 shares of the company’s stock worth $22,339,000 after buying an additional 206,840 shares during the last quarter. 1832 Asset Management LP acquired a new stake in Bridge Investment Group in the 1st quarter worth approximately $966,000. Quadrature Capital Ltd purchased a new stake in Bridge Investment Group in the fourth quarter valued at about $460,000. Finally, Marshall Wace LLP boosted its position in Bridge Investment Group by 22.0% during the second quarter. Marshall Wace LLP now owns 114,769 shares of the company’s stock worth $852,000 after acquiring an additional 20,726 shares during the period. 52.83% of shares are owned by institutional investors and hedge funds.

About Bridge Investment Group

(Get a free report)

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

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