Traders Purchase High Volume of BigBear.ai Call Options (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the target of some unusual options trading activity on Monday. Investors acquired 8,314 call options on the company. This is an increase of approximately 226% compared to the average daily volume of 2,553 call options.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD purchased a new position in shares of BigBear.ai during the 1st quarter valued at $31,000. Baader Bank Aktiengesellschaft purchased a new stake in BigBear.ai in the 2nd quarter worth $32,000. Avondale Wealth Management purchased a new stake in BigBear.ai in the 1st quarter worth $33,000. Sovereign Financial Group Inc. purchased a new stake in BigBear.ai in the 3rd quarter worth $36,000. Finally, Hartline Investment Corp purchased a new stake in BigBear.ai in the 1st quarter worth $39,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BBAI shares. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research note on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, August 21st.

BigBear.ai Trading Down 8.1 %

Shares of BBAI stock opened at $1.76 on Wednesday. BigBear.ai has a 12-month low of $1.16 and a 12-month high of $4.80. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. The firm’s 50 day moving average is $1.50 and its 200 day moving average is $1.52. The stock has a market capitalization of $431.86 million, a P/E ratio of -1.95 and a beta of 3.48.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $39.78 million for the quarter, compared to analysts’ expectations of $46.55 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted ($0.12) EPS. Research analysts expect that BigBear.ai will post -0.32 earnings per share for the current year.

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.