BigBear.ai (NYSE:BBAI) Trading 6.8% Higher – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was up 6.8% during trading on Wednesday . The stock traded as high as $3.69 and last traded at $3.63. Approximately 36,128,638 shares were traded during mid-day trading, an increase of 285% from the average daily volume of 9,396,235 shares. The stock had previously closed at $3.40.

Analysts Set New Price Targets

A number of research analysts recently commented on BBAI shares. 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. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

The company’s fifty day moving average is $2.08 and its 200 day moving average is $1.68. The company has a market capitalization of $784.33 million, a P/E ratio of -3.44 and a beta of 3.58. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

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

Insider Buying and Selling

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now directly 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

Institutional investors have recently bought and sold shares of the company. Fortis Group Advisors LLC boosted its position in shares of BigBear.ai by 26.9% during the second quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock valued at $101,000 after buying an additional 14,134 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of BigBear.ai in the first quarter worth approximately $31,000. XTX Topco Ltd raised its holdings in shares of BigBear.ai by 57.9% during the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position 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 purchasing an additional 23,597 shares during the period. Finally, Sovereign Financial Group Inc. purchased a new stake in BigBear.ai in the third quarter worth approximately $36,000. 7.55% of the stock is owned by hedge funds and other 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.