BigBear.ai (NYSE:BBAI) Shares Up 13.8% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were up 13.8% during trading on Tuesday . The stock traded as high as $4.47 and last traded at $4.46. Approximately 20,996,905 shares changed hands during trading, a decline of 40% from the average daily volume of 34,747,004 shares. The stock had previously closed at $3.92.

Analyst Ratings Changes

A number of research firms have issued reports on BBAI. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright boosted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Trading Up 12.3 %

The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -4.86 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The company has a 50-day moving average price of $3.08 and a 200-day moving average price of $2.08.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the business earned $0.03 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanda Long sold 66,140 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was 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 directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. Bank of Montreal Can raised its stake in shares of BigBear.ai by 6,435.7% during the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares during the last quarter. Geode Capital Management LLC raised its position in BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock worth $3,152,000 after buying an additional 479,401 shares during the last quarter. State Street Corp lifted its stake in shares of BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after acquiring an additional 267,673 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after acquiring an additional 189,593 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its stake in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company’s stock worth $889,000 after acquiring an additional 174,815 shares during the period. 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.