BigBear.ai (NYSE:BBAI) Trading Up 10.9% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 10.9% during mid-day trading on Thursday . The company traded as high as $3.95 and last traded at $3.76. 29,205,881 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 33,596,965 shares. The stock had previously closed at $3.39.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several analyst reports. 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. HC Wainwright upped their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Price Performance

The stock has a market capitalization of $985.32 million, a P/E ratio of -4.32 and a beta of 3.21. The company’s 50-day simple moving average is $3.04 and its 200-day simple moving average is $2.05. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

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

Insider Buying and Selling at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now directly owns 2,445,449 shares in the company, valued at $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. Geode Capital Management LLC grew its position in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. Sovereign Financial Group Inc. increased its holdings in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after purchasing an additional 174,815 shares during the period. Barclays PLC raised its position in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of BigBear.ai by 6,435.7% in 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 during the period. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.