BigBear.ai (NYSE:BBAI) Stock Price Up 7% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded up 7% on Thursday. The stock traded as high as $2.80 and last traded at $2.8350. 11,214,252 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 37,964,730 shares. The stock had previously closed at $2.65.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Cantor Fitzgerald lowered their price objective on shares of BigBear.ai from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.00.

BigBear.ai Trading Up 5.5%

The company has a market cap of $1.34 billion, a P/E ratio of -13.34 and a beta of 3.35. The firm’s 50 day moving average is $2.97 and its two-hundred day moving average is $3.51. The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.01.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.The firm had revenue of $36.75 million for the quarter, compared to analyst estimates of $36.37 million. During the same quarter in the previous year, the company posted ($0.71) EPS. The business’s revenue was up 12.9% on a year-over-year basis. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in BigBear.ai during the second quarter worth $5,243,000. Clear Street Group Inc. increased its position in BigBear.ai by 245.3% in the 4th quarter. Clear Street Group Inc. now owns 614,096 shares of the company’s stock valued at $3,316,000 after buying an additional 436,250 shares in the last quarter. Headlands Technologies LLC boosted its holdings in BigBear.ai by 351.8% in the second quarter. Headlands Technologies LLC now owns 512,339 shares of the company’s stock worth $1,880,000 after acquiring an additional 398,936 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of BigBear.ai during the second quarter worth approximately $1,362,000. Finally, First Trust Advisors LP increased its stake in BigBear.ai by 18.1% during the 1st quarter. First Trust Advisors LP now owns 2,419,242 shares of the company’s stock valued at $8,516,000 after purchasing an additional 369,981 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

About BigBear.ai

BigBear.ai Holdings, Inc (NYSE:BBAI) provides artificial intelligence and decision-intelligence solutions designed to help organizations analyze complex data, identify risks and improve operational decision-making. Its capabilities include predictive analytics, machine learning, computer vision, data integration and workflow optimization.

The company serves customers in national security, defense, intelligence, supply chain management, manufacturing, healthcare and other industries. Its solutions are used for areas such as logistics planning, asset and workforce management, operational forecasting, identity verification and threat detection.