BigBear.ai (NYSE:BBAI) Stock Price Up 0.4% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded up 0.4% on Monday . The stock traded as high as $2.98 and last traded at $2.82. 19,786,705 shares changed hands during trading, a decline of 17% from the average session volume of 23,979,760 shares. The stock had previously closed at $2.81.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BBAI shares. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. HC Wainwright reduced their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Cantor Fitzgerald decreased their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Northland Securities downgraded BigBear.ai from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $2.50 to $4.00 in a report on Friday, March 7th.

BigBear.ai Trading Down 1.7 %

The business has a 50-day simple moving average of $4.63 and a two-hundred day simple moving average of $3.44. The stock has a market cap of $744.19 million, a price-to-earnings ratio of -2.83 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares in the company, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently modified their holdings of BBAI. City State Bank bought a new stake in BigBear.ai in the 1st quarter valued at $29,000. Rhumbline Advisers grew its holdings in shares of BigBear.ai by 18.1% during the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company’s stock worth $378,000 after purchasing an additional 20,187 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in BigBear.ai in the 4th quarter valued at about $89,000. TFG Asset Management GP Ltd bought a new position in BigBear.ai in the fourth quarter valued at approximately $4,005,000. Finally, Soviero Asset Management LP acquired a new position in shares of BigBear.ai during the 4th quarter worth $3,248,000. 7.55% of the stock is owned by institutional investors.

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.