BigBear.ai (NYSE:BBAI) Stock Price Up 6.7% – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 6.7% during trading on Friday . The stock traded as high as $4.43 and last traded at $4.50. Approximately 9,327,708 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 34,660,602 shares. The stock had previously closed at $4.22.

Wall Street Analyst Weigh In

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

BigBear.ai Price Performance

The firm has a market cap of $1.04 billion, a PE ratio of -4.53 and a beta of 3.21. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company has a 50 day moving average price of $3.28 and a 200 day moving average price of $2.15.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. Sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of 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 trade represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total transaction of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 310,953 shares of company stock valued at $1,347,496 in the last three months. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently bought and sold shares of the company. Sovereign Financial Group Inc. purchased a new position in BigBear.ai during the 3rd quarter valued at about $36,000. Simon Quick Advisors LLC acquired a new position in BigBear.ai in the fourth quarter valued at $44,000. Bay Rivers Group purchased a new position in shares of BigBear.ai during the 4th quarter worth about $48,000. XTX Topco Ltd acquired a new position in BigBear.ai during the second quarter worth approximately $58,000. Finally, Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the 3rd quarter worth $61,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.