BigBear.ai (NYSE:BBAI) Shares Up 16% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded up 16% on Monday . The stock traded as high as $6.28 and last traded at $6.2650. 99,089,159 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 95,426,289 shares. The stock had previously closed at $5.40.

Analysts Set New Price Targets

BBAI has been the topic of a number of recent research reports. HC Wainwright reiterated a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $7.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Wall Street Zen upgraded BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.33.

BigBear.ai Stock Down 1.5%

The stock has a market capitalization of $2.66 billion, a PE ratio of -4.31 and a beta of 3.42. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average is $6.79 and its 200 day moving average is $5.93.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The company had revenue of $33.14 million during the quarter, compared to analysts’ expectations of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The company’s quarterly revenue was down 20.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other news, Director Dorothy D. Hayes sold 22,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the sale, the director directly owned 236,150 shares in the company, valued at $1,435,792. This trade represents a 8.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors have recently added to or reduced their stakes in the stock. Flaharty Asset Management LLC purchased a new stake in shares of BigBear.ai in the 1st quarter valued at approximately $26,000. CWM LLC grew its position in BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after acquiring an additional 3,265 shares during the period. Hazlett Burt & Watson Inc. grew its position in BigBear.ai by 3,355.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock worth $32,000 after acquiring an additional 4,832 shares during the period. Alpine Global Management LLC acquired a new stake in BigBear.ai during the first quarter worth $34,000. Finally, Foundations Investment Advisors LLC purchased a new stake in BigBear.ai in the first quarter valued at $37,000. Hedge funds and other 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.