BigBear.ai’s (BBAI) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of BigBear.ai (NYSE:BBAI) in a research report report published on Friday, Benzinga reports. They currently have a $5.00 price target on the stock.

Separately, Cantor Fitzgerald reissued an overweight rating and set a $3.00 price target on shares of BigBear.ai in a research note on Monday, March 4th.

BigBear.ai Price Performance

BBAI stock opened at $1.51 on Friday. The business has a fifty day moving average price of $2.21 and a 200 day moving average price of $1.93. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $4.80. The stock has a market capitalization of $371.57 million, a price-to-earnings ratio of -1.70 and a beta of 3.73.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $40.56 million during the quarter, compared to the consensus estimate of $42.75 million. During the same period in the previous year, the business posted ($0.23) EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts expect that BigBear.ai will post -0.21 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Sean Raymond Ricker sold 36,250 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total value of $75,037.50. Following the transaction, the chief accounting officer now directly owns 99,428 shares in the company, valued at $205,815.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total value of $14,949,252.67. Following the completion of the sale, the director now directly owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sean Raymond Ricker sold 36,250 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total transaction of $75,037.50. Following the completion of the sale, the chief accounting officer now owns 99,428 shares in the company, valued at $205,815.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,838,420 shares of company stock valued at $15,635,973. 2.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently bought and sold shares of BBAI. Vontobel Holding Ltd. increased its position in shares of BigBear.ai by 22.2% in the 4th quarter. Vontobel Holding Ltd. now owns 44,000 shares of the company’s stock valued at $94,000 after buying an additional 8,000 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of BigBear.ai by 64.0% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,492 shares of the company’s stock worth $42,000 after acquiring an additional 7,607 shares in the last quarter. Raymond James & Associates raised its position in shares of BigBear.ai by 130.4% during the third quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock worth $1,131,000 after purchasing an additional 423,893 shares during the period. Powell Investment Advisors LLC lifted its holdings in shares of BigBear.ai by 94.3% during the 4th quarter. Powell Investment Advisors LLC now owns 35,020 shares of the company’s stock valued at $75,000 after purchasing an additional 17,000 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of BigBear.ai by 221.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 34,000 shares of the company’s stock valued at $51,000 after purchasing an additional 23,425 shares during the period. 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.