HC Wainwright Issues Positive Forecast for BigBear.ai (NYSE:BBAI) Stock Price

by · The Markets Daily

BigBear.ai (NYSE:BBAI – Get Free Report) had its price target increased by HC Wainwright from $3.00 to $7.00 in a report released on Monday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s target price would suggest a potential upside of 57.30% from the stock’s previous close.

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

Check Out Our Latest Analysis on BigBear.ai

BigBear.ai Price Performance

Shares of BBAI stock opened at $4.45 on Monday. The business has a fifty day simple moving average of $2.44 and a 200 day simple moving average of $1.82. The company has a market cap of $1.12 billion, a P/E ratio of -4.89 and a beta of 3.58. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. BigBear.ai has a twelve month low of $1.16 and a twelve month high of $5.20.

BigBear.ai (NYSE:BBAI – Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during 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%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. On average, sell-side analysts forecast that BigBear.ai will post -0.28 EPS for the current fiscal year.

Insider Activity

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 782,892 shares of company stock valued at $1,887,246. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently modified their holdings of the company. Sovereign Financial Group Inc. acquired a new position in BigBear.ai in the third quarter valued at $36,000. XTX Topco Ltd acquired a new position in shares of BigBear.ai in the 2nd quarter valued at about $58,000. Intech Investment Management LLC bought a new stake in shares of BigBear.ai during the 3rd quarter valued at about $61,000. The Manufacturers Life Insurance Company increased its holdings in BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new stake in BigBear.ai in the third quarter worth approximately $131,000. 7.55% of the stock is currently 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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