BigBear.ai (NYSE:BBAI) Trading 0.7% Higher – Time to Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were up 0.7% during trading on Tuesday . The company traded as high as $3.87 and last traded at $3.71. Approximately 6,721,193 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 33,717,258 shares. The stock had previously closed at $3.68.

Analysts Set New Price Targets

BBAI has been the subject of several research analyst reports. HC Wainwright lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Price Performance

The stock has a market cap of $1.04 billion, a PE ratio of -4.54 and a beta of 3.21. The firm’s 50-day moving average price is $3.39 and its two-hundred day moving average price is $2.20. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now directly owns 137,838 shares of the company’s stock, valued at approximately $614,757.48. This represents a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of BigBear.ai in the second quarter valued at about $58,000. Bank of Montreal Can boosted its holdings in BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after purchasing an additional 643,570 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the period. Sovereign Financial Group Inc. acquired a new stake in shares of BigBear.ai during the 3rd quarter worth about $36,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of BigBear.ai in the 3rd quarter valued at approximately $131,000. Institutional investors and hedge funds 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.