BigBear.ai (NYSE:BBAI) Trading Up 18.1% – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 18.1% on Tuesday . The company traded as high as $5.07 and last traded at $5.00. 35,697,069 shares traded hands during trading, an increase of 6% from the average session volume of 33,672,082 shares. The stock had previously closed at $4.23.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports 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 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Down 5.3 %

The firm’s 50-day simple moving average is $3.66 and its 200 day simple moving average is $2.32. 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 company has a market cap of $1.69 billion, a P/E ratio of -7.40 and a beta of 3.17.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the firm’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 sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock valued at $1,347,496 in the last ninety days. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the business. Sovereign Financial Group Inc. bought a new position in BigBear.ai in the third quarter valued at approximately $36,000. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. Simon Quick Advisors LLC bought a new stake in BigBear.ai in the 4th quarter valued at $44,000. Retirement Income Solutions Inc acquired a new position in BigBear.ai in the 4th quarter worth $47,000. Finally, Bay Rivers Group bought a new position in BigBear.ai during the 4th quarter worth about $48,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.