BigBear.ai (NYSE:BBAI) Stock Price Up 7.8% – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 7.8% on Friday . The stock traded as high as $3.06 and last traded at $3.04. 18,697,130 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 9,873,222 shares. The stock had previously closed at $2.82.

Analyst Ratings Changes

Several research firms recently issued reports on BBAI. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Price Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $766.79 million, a P/E ratio of -3.36 and a beta of 3.58. The company’s 50-day moving average price is $2.14 and its two-hundred day moving average price is $1.69.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping 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 firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction that occurred on 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 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 represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in shares of BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after acquiring an additional 479,401 shares during the last quarter. State Street Corp raised its holdings in BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares during the period. Bank of Montreal Can lifted its stake in BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after buying an additional 643,570 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after buying an additional 189,593 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after buying an additional 107,214 shares during the period. Institutional investors own 7.55% of the company’s stock.

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.