BigBear.ai (NYSE:BBAI) Stock Price Up 6.5% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price rose 6.5% on Friday . The company traded as high as $2.31 and last traded at $2.29. Approximately 3,914,630 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 6,931,219 shares. The stock had previously closed at $2.15.

Analysts Set New Price Targets

Several brokerages have issued reports on BBAI. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Up 5.6 %

The firm has a market capitalization of $568.84 million, a P/E ratio of -2.54 and a beta of 3.46. The firm’s 50 day moving average is $1.73 and its two-hundred day moving average is $1.56. 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 announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction on 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 directly owns 143,713,297 shares in the company, valued at $255,809,668.66. The trade was a 0.40 % 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 Trading of BigBear.ai

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