BigBear.ai (NYSE:BBAI) Shares Gap Up – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $2.52, but opened at $2.60. BigBear.ai shares last traded at $2.91, with a volume of 14,976,370 shares trading hands.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm’s fifty day moving average price is $2.08 and its 200-day moving average price is $1.68. The firm has a market cap of $851.99 million, a price-to-earnings ratio of -3.74 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. BigBear.ai’s revenue for the quarter was up 22.1% on a year-over-year basis. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the 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 owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD acquired a new stake in shares of BigBear.ai during the first quarter worth about $31,000. Sovereign Financial Group Inc. purchased a new position in BigBear.ai during the 3rd quarter worth $36,000. XTX Topco Ltd purchased a new position in BigBear.ai during the second quarter worth about $58,000. The Manufacturers Life Insurance Company raised its stake in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after buying an additional 23,597 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in BigBear.ai in the third quarter valued at $61,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.