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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $2.45, but opened at $2.60. BigBear.ai shares last traded at $2.51, with a volume of 3,927,869 shares traded.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Trading Down 6.0 %

The firm has a 50-day simple moving average of $1.69 and a 200-day simple moving average of $1.54. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

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

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD purchased a new position in BigBear.ai during the 1st quarter worth approximately $31,000. Baader Bank Aktiengesellschaft acquired a new position in BigBear.ai in the 2nd quarter worth about $32,000. Keynote Financial Services LLC purchased a new position in BigBear.ai during the first quarter worth approximately $45,000. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai in the third quarter valued at approximately $36,000. Finally, American International Group Inc. increased its position in shares of BigBear.ai by 75.4% in the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after buying an additional 10,982 shares in the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.