HC Wainwright Forecasts Strong Price Appreciation for BigBear.ai (NYSE:BBAI) Stock

BigBear.ai (NYSE:BBAI) had its price objective lifted by HC Wainwright from $3.00 to $7.00 in a research report released on Monday morning, Marketbeat reports. They currently have a buy rating on the stock.

Separately, 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.

BigBear.ai Trading Down 7.5 %

Shares of BBAI stock opened at $4.45 on Monday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $5.20. The company has a market cap of $1.12 billion, a PE ratio of -4.89 and a beta of 3.58. The stock’s fifty day moving average price is $2.55 and its two-hundred day moving average price is $1.86.

BigBear.ai (NYSE:BBAI) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million for 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%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share. Equities analysts predict that BigBear.ai will post -0.28 EPS for the current fiscal 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 shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 782,892 shares of company stock worth $1,887,246. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC lifted its stake in shares of BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock worth $208,000 after acquiring an additional 107,214 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 during the period. XTX Topco Ltd boosted its stake in shares of BigBear.ai by 57.9% in the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after purchasing an additional 22,363 shares during the last quarter. State Street Corp increased its position in shares of 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 during the period. Finally, Intech Investment Management LLC bought a new position in BigBear.ai during the third quarter worth $61,000. Institutional investors 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.