BigBear.ai’s (BBAI) “Buy” Rating Reiterated at HC Wainwright

BigBear.ai (NYSE:BBAI)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a note issued to investors on Tuesday, Benzinga reports. They presently have a $3.00 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 57.07% from the company’s current price.

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, August 21st.

BigBear.ai Stock Performance

NYSE BBAI opened at $1.91 on Tuesday. The company has a fifty day moving average of $1.49 and a 200-day moving average of $1.52. BigBear.ai has a 52-week low of $1.16 and a 52-week high of $4.80. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $470.01 million, a P/E ratio of -2.12 and a beta of 3.48.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The company had revenue of $39.78 million during the quarter, compared to analyst estimates of $46.55 million. During the same period in the prior year, the business posted ($0.12) EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts predict that BigBear.ai will post -0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently bought and sold shares of the business. Bank of Montreal Can increased its position 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 valued at $1,006,000 after buying an additional 643,570 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of 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 buying an additional 189,593 shares during the period. Vanguard Group Inc. raised its position in shares of BigBear.ai by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock worth $4,228,000 after purchasing an additional 168,076 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of BigBear.ai in the first quarter valued at approximately $287,000. Finally, Koshinski Asset Management Inc. acquired a new stake in BigBear.ai during the 3rd quarter worth $131,000. Institutional investors 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.