BigBear.ai (NYSE:BBAI) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of BigBear.ai (NYSE:BBAI) in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a $3.50 price objective on the stock.

Separately, HC Wainwright reiterated a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research note on Wednesday.

BigBear.ai Stock Performance

Shares of BBAI stock opened at $1.76 on Wednesday. The business’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $1.52. The company has a market cap of $440.12 million, a PE ratio of -1.93 and a beta of 3.46. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. BigBear.ai has a 12-month low of $1.17 and a 12-month high of $4.80.

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 the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 174.74% and a negative net margin of 109.90%. The firm had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same period in the prior year, the firm earned $0.03 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Analysts expect that BigBear.ai will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of BigBear.ai by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock valued at $4,228,000 after buying an additional 168,076 shares in the last quarter. Bank of Montreal Can grew its holdings in BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after acquiring an additional 643,570 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in BigBear.ai by 160.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock worth $465,000 after acquiring an additional 189,593 shares during the last quarter. SG Americas Securities LLC bought a new stake in BigBear.ai during the 1st quarter worth about $287,000. Finally, Rhumbline Advisers grew its holdings in BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after acquiring an additional 68,663 shares during the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.