BigBear.ai (NYSE:BBAI) Stock Price Up 4.1% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was up 4.1% during trading on Friday . The stock traded as high as $4.46 and last traded at $4.28. Approximately 19,016,889 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 28,825,023 shares. The stock had previously closed at $4.11.

Analysts Set New Price Targets

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

BigBear.ai Stock Up 10.5 %

The business has a fifty day moving average of $2.60 and a 200 day moving average of $1.88. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market cap of $1.14 billion, a P/E ratio of -4.99 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same period in the prior year, the business posted $0.03 EPS. BigBear.ai’s revenue was up 22.1% on a year-over-year basis. On average, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. The trade was a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction dated 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 sale, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 782,892 shares of company stock valued at $1,887,246 over the last 90 days. 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 stock. Geode Capital Management LLC boosted its holdings 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 valued at $3,152,000 after buying an additional 479,401 shares during the last quarter. State Street Corp lifted its stake in BigBear.ai by 16.8% in the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company’s stock valued at $2,723,000 after purchasing an additional 267,673 shares during the last quarter. Bank of Montreal Can grew its holdings in 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 period. Bank of New York Mellon Corp increased its position in BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock worth $465,000 after buying an additional 189,593 shares during the last quarter. Finally, Barclays PLC raised its stake in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after buying an additional 107,214 shares during the period. Institutional investors and hedge funds 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.