BigBear.ai (NYSE:BBAI) Trading Up 15.3% – Time to Buy?

by · The Markets Daily

BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s stock price was up 15.3% on Thursday . The stock traded as high as $7.18 and last traded at $7.0320. Approximately 169,935,781 shares were traded during mid-day trading, an increase of 78% from the average daily volume of 95,254,336 shares. The stock had previously closed at $6.10.

Analyst Ratings Changes

A number of brokerages have issued reports on BBAI. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.33.

Check Out Our Latest Report on BBAI

BigBear.ai Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13. The company has a 50-day moving average of $6.68 and a 200-day moving average of $6.01. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -4.95 and a beta of 3.44.

BigBear.ai (NYSE:BBAI – Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. During the same quarter last year, the business posted ($0.05) earnings per share. The business’s quarterly revenue was down 20.1% on a year-over-year basis. As a group, research 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, Director Dorothy D. Hayes sold 22,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the transaction, the director owned 236,150 shares in the company, valued at approximately $1,435,792. This represents a 8.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BBAI. Goldman Sachs Group Inc. raised its position in BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after buying an additional 1,990,822 shares during the last quarter. Baird Financial Group Inc. bought a new position in shares of BigBear.ai during the 1st quarter worth approximately $286,000. Wedbush Securities Inc. acquired a new stake in shares of BigBear.ai in the second quarter valued at approximately $1,669,000. Swiss National Bank lifted its position in shares of BigBear.ai by 51.1% in the second quarter. Swiss National Bank now owns 552,100 shares of the company’s stock worth $3,749,000 after purchasing an additional 186,600 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of BigBear.ai by 980.7% in the second quarter. XTX Topco Ltd now owns 368,938 shares of the company’s stock worth $2,505,000 after purchasing an additional 334,799 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

About BigBear.ai

(Get Free Report)

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.

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