BigBear.ai (NYSE:BBAI) Stock Price Up 7.6% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was up 7.6% on Tuesday . The company traded as high as $6.21 and last traded at $5.9920. Approximately 107,276,431 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 95,417,656 shares. The stock had previously closed at $5.57.

Analysts Set New Price Targets

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

BigBear.ai Price Performance

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 has a market capitalization of $2.42 billion, a PE ratio of -3.90 and a beta of 3.42. The stock’s 50-day moving average is $6.75 and its two-hundred day moving average is $5.83.

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

Insiders Place Their Bets

In other news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the sale, the chief financial officer directly owned 296,345 shares in the company, valued at approximately $1,585,445.75. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dorothy D. Hayes sold 22,000 shares of the company’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 completion of the transaction, the director owned 236,150 shares in the company, valued at approximately $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 33,980 shares of company stock worth $197,853. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Captrust Financial Advisors raised its stake in shares of BigBear.ai by 23.8% during the 3rd quarter. Captrust Financial Advisors now owns 1,865,214 shares of the company’s stock worth $12,161,000 after acquiring an additional 358,292 shares in the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of BigBear.ai during the third quarter worth $100,000. NewEdge Advisors LLC lifted its holdings in shares of BigBear.ai by 51.4% during the 3rd quarter. NewEdge Advisors LLC now owns 120,166 shares of the company’s stock valued at $783,000 after purchasing an additional 40,790 shares during the last quarter. Prelude Capital Management LLC acquired a new stake in shares of BigBear.ai in the 3rd quarter worth $160,000. Finally, Mariner LLC acquired a new stake in shares of BigBear.ai in the 3rd quarter worth $330,000. 7.55% of the stock is currently 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.