BigBear.ai (NYSE:BBAI) Shares Up 9.1% – Should You Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 9.1% on Thursday . The stock traded as high as $2.29 and last traded at $2.28. Approximately 10,090,352 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 6,716,629 shares. The stock had previously closed at $2.09.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BBAI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright restated a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Performance

The firm has a 50 day moving average of $1.65 and a two-hundred day moving average of $1.52. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $548.79 million, a P/E ratio of -2.48 and a beta of 3.46.

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

Insider Activity at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. Barclays PLC boosted its stake in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after purchasing an additional 107,214 shares during the period. Geode Capital Management LLC raised its stake in 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 purchasing an additional 479,401 shares in the last quarter. XTX Topco Ltd raised its position in shares of BigBear.ai by 57.9% in the third quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after buying an additional 22,363 shares in the last quarter. State Street Corp grew 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 buying an additional 267,673 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the 3rd quarter worth $61,000. 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.