BigBear.ai (NYSE:BBAI) Trading Up 8.2% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price shot up 8.2% during trading on Tuesday . The company traded as high as $3.55 and last traded at $3.45. 20,416,051 shares changed hands during mid-day trading, an increase of 101% from the average session volume of 10,157,564 shares. The stock had previously closed at $3.19.

Analysts Set New Price Targets

BBAI has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. Cantor Fitzgerald restated 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

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 company has a 50 day simple moving average of $2.20 and a 200-day simple moving average of $1.72. The firm has a market cap of $934.69 million, a PE ratio of -4.10 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company 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 firm’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai during the third quarter worth about $36,000. XTX Topco Ltd purchased a new stake in BigBear.ai in the 2nd quarter worth approximately $58,000. Intech Investment Management LLC bought a new stake in shares of BigBear.ai in the 3rd quarter worth approximately $61,000. The Manufacturers Life Insurance Company increased its stake in shares of 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 buying an additional 23,597 shares during the period. Finally, Fortis Group Advisors LLC increased its stake 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 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.