BigBear.ai (NYSE:BBAI) Sees Large Volume Increase – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) saw strong trading volume on Thursday . 10,384,964 shares changed hands during mid-day trading, a decline of 67% from the previous session’s volume of 31,338,531 shares.The stock last traded at $3.64 and had previously closed at $3.39.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BBAI shares. HC Wainwright raised their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Down 5.3 %

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 company has a market cap of $985.32 million, a price-to-earnings ratio of -4.32 and a beta of 3.21. The firm has a 50-day moving average price of $3.04 and a 200 day moving average price of $2.05.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million during the quarter, compared to analyst estimates 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 was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share. As a group, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the completion of the sale, the chief executive officer now owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sovereign Financial Group Inc. acquired a new position in BigBear.ai during the third quarter valued at $36,000. Simon Quick Advisors LLC acquired a new position in shares of BigBear.ai in the 4th quarter valued at about $44,000. XTX Topco Ltd purchased a new stake in shares of BigBear.ai in the second quarter worth approximately $58,000. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth approximately $61,000. Finally, The Manufacturers Life Insurance Company grew its position in BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.