BigBear.ai (NYSE:BBAI) Price Target Raised to $7.00

BigBear.ai (NYSE:BBAI) had its price objective lifted by HC Wainwright from $3.00 to $7.00 in a research report released on Monday, Marketbeat.com reports. They currently have a buy rating on the stock.

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

BigBear.ai Stock Performance

Shares of BigBear.ai stock opened at $4.45 on Monday. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -4.89 and a beta of 3.58. BigBear.ai has a one year low of $1.16 and a one year high of $5.20. The stock’s 50-day moving average is $2.55 and its 200-day moving average is $1.86.

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

Insider Buying and Selling

In related news, CEO Amanda Long sold 200,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the sale, 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. In the last three months, insiders have sold 782,892 shares of company stock valued at $1,887,246. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai in the third quarter valued at approximately $36,000. XTX Topco Ltd acquired a new position in BigBear.ai in the 2nd quarter valued at $58,000. The Manufacturers Life Insurance Company lifted its position in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after acquiring an additional 23,597 shares during the period. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the 3rd quarter worth $61,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of BigBear.ai in the third quarter worth $131,000. 7.55% of the stock is 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.