BigBear.ai (NYSE:BBAI) Trading Up 9.1% – Should You Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were up 9.1% on Thursday . The stock traded as high as $4.27 and last traded at $3.97. Approximately 23,638,899 shares changed hands during trading, a decline of 28% from the average daily volume of 32,784,293 shares. The stock had previously closed at $3.64.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BBAI shares. 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 increased their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Trading Up 2.6 %

The firm has a 50 day simple moving average of $3.46 and a 200 day simple moving average of $2.23. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market cap of $1.06 billion, a P/E ratio of -4.65 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter last year, the company earned $0.03 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sean Bernard Battle sold 44,813 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares in the company, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 in the last quarter. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently modified their holdings of the company. Sovereign Financial Group Inc. bought a new position in BigBear.ai during the 3rd quarter worth approximately $36,000. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $44,000. Retirement Income Solutions Inc bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $47,000. Bay Rivers Group bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $48,000. Finally, Intech Investment Management LLC bought a new stake in shares of BigBear.ai in the 3rd quarter worth approximately $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.