BigBear.ai (NYSE:BBAI) Receives Overweight Rating from Cantor Fitzgerald

BigBear.ai (NYSE:BBAI)‘s stock had its “overweight” rating reaffirmed by research analysts at Cantor Fitzgerald in a report issued on Wednesday, Benzinga reports. They presently have a $3.50 target price on the stock. Cantor Fitzgerald’s price target indicates a potential upside of 124.36% from the company’s previous close.

Separately, HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of BigBear.ai in a research report on Wednesday.

BigBear.ai Stock Down 11.4 %

BBAI traded down $0.20 during trading on Wednesday, reaching $1.56. 2,536,179 shares of the stock were exchanged, compared to its average volume of 6,547,837. The stock has a market cap of $390.11 million, a P/E ratio of -1.88 and a beta of 3.46. BigBear.ai has a twelve month low of $1.17 and a twelve month high of $4.80. The stock’s 50 day moving average price is $1.58 and its two-hundred day moving average price is $1.51. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. Equities analysts expect that BigBear.ai will post -0.32 EPS for the current 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 stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. acquired a new stake in BigBear.ai during the 3rd quarter valued at approximately $131,000. Sovereign Financial Group Inc. bought a new position in shares of BigBear.ai during the 3rd quarter worth approximately $36,000. The Manufacturers Life Insurance Company boosted its holdings in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after buying an additional 23,597 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of 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 buying an additional 643,570 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of BigBear.ai during the 2nd quarter worth approximately $58,000. 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.