BigBear.ai (NYSE:BBAI) Trading Up 0.8% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price rose 0.8% during mid-day trading on Thursday . The stock traded as high as $7.82 and last traded at $7.17. Approximately 86,358,827 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 47,177,395 shares. The stock had previously closed at $7.11.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. HC Wainwright raised their price target on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a 50-day moving average price of $3.87 and a 200-day moving average price of $2.40.

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

Insider Buying and Selling

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 transaction of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock worth $1,347,496 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. acquired a new stake in BigBear.ai during the 4th quarter valued at $40,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai during the fourth quarter valued at $44,000. Retirement Income Solutions Inc purchased a new stake in BigBear.ai in the 4th quarter worth about $47,000. Bay Rivers Group acquired a new stake in BigBear.ai during the 4th quarter worth about $48,000. Finally, Jones Financial Companies Lllp boosted its position in BigBear.ai by 4,202.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock worth $57,000 after acquiring an additional 12,607 shares during the period. Institutional investors and hedge funds own 7.55% of the company’s stock.

About BigBear.ai

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.