BigBear.ai (NYSE:BBAI) Stock Price Up 15.3% – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price rose 15.3% during mid-day trading on Thursday . The stock traded as high as $7.18 and last traded at $7.0320. Approximately 169,935,781 shares were traded during trading, an increase of 78% from the average daily volume of 95,254,336 shares. The stock had previously closed at $6.10.

Analyst Ratings Changes

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

BigBear.ai Stock Down 3.1%

The company has a market capitalization of $2.97 billion, a PE ratio of -4.79 and a beta of 3.44. The stock’s fifty day moving average is $6.68 and its two-hundred day moving average is $6.04. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data 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 for 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 business’s quarterly revenue was down 20.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. As a group, analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In related news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the sale, the director owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. The trade was a 8.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Flaharty Asset Management LLC purchased a new stake in BigBear.ai in the 1st quarter worth about $26,000. CWM LLC increased its stake in shares of 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 purchasing an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of BigBear.ai by 3,355.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after purchasing an additional 4,832 shares during the period. Alpine Global Management LLC purchased a new stake in shares of BigBear.ai during the 1st quarter valued at approximately $34,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of BigBear.ai during the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors 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.