BigBear.ai (NYSE:BBAI) Trading Up 6% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded up 6% on Wednesday . The stock traded as high as $3.53 and last traded at $3.37. 11,605,227 shares changed hands during trading, a decline of 64% from the average session volume of 32,372,000 shares. The stock had previously closed at $3.18.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BBAI shares. HC Wainwright increased their price objective on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Price Performance

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock’s 50 day moving average price is $3.00 and its two-hundred day moving average price is $2.04. The firm has a market capitalization of $985.32 million, a price-to-earnings ratio of -4.32 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. Analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BBAI. Sovereign Financial Group Inc. acquired a new position in BigBear.ai during the third quarter valued at approximately $36,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai in the 4th quarter valued at $44,000. XTX Topco Ltd acquired a new position in BigBear.ai during the 2nd quarter worth $58,000. Intech Investment Management LLC acquired a new position in BigBear.ai during the 3rd quarter worth $61,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after acquiring an additional 23,597 shares during the period. 7.55% of the stock is owned by institutional investors.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.