BigBear.ai (NYSE:BBAI) Trading 3.7% Higher – What’s Next?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded up 3.7% on Thursday . The stock traded as high as $5.79 and last traded at $5.64. 191,183,244 shares changed hands during trading, an increase of 98% from the average session volume of 96,437,758 shares. The stock had previously closed at $5.44.

Analysts Set New Price Targets

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

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of -3.97 and a beta of 3.44. The firm has a 50-day simple moving average of $6.54 and a two-hundred day simple moving average of $6.19.

BigBear.ai (NYSE:BBAI) last issued its quarterly 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). The business had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The firm’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.05) EPS. On average, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the completion of the transaction, the chief financial officer owned 488,716 shares of the company’s stock, valued at $3,450,334.96. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the sale, the director directly owned 236,150 shares in the company, valued at $1,435,792. This represents a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently bought and sold shares of the stock. Flaharty Asset Management LLC acquired a new position in shares of BigBear.ai during the first quarter worth about $26,000. CWM LLC raised its holdings in BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake 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 last quarter. Alpine Global Management LLC acquired a new position in BigBear.ai during the 1st quarter worth approximately $34,000. Finally, Nisa Investment Advisors LLC increased its position in shares of BigBear.ai by 68.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock valued at $42,000 after purchasing an additional 2,527 shares during the last quarter. Institutional investors and hedge funds 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.