BigBear.ai (NYSE:BBAI) Trading 2.1% Higher – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was up 2.1% during trading on Wednesday . The stock traded as high as $2.85 and last traded at $2.72. Approximately 13,094,389 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 23,304,908 shares. The stock had previously closed at $2.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald cut their price target on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Northland Securities lowered shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, HC Wainwright cut their price objective on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

BigBear.ai Stock Performance

The firm’s fifty day simple moving average is $4.84 and its 200 day simple moving average is $3.42. The company has a market capitalization of $813.55 million, a price-to-earnings ratio of -3.09 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.

Insider Buying and Selling

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now directly owns 223,070 shares of the company’s stock, valued at approximately $814,205.50. This represents a 13.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently bought and sold shares of the business. City State Bank acquired a new stake in shares of BigBear.ai during the first quarter worth approximately $29,000. Cape Investment Advisory Inc. purchased a new stake in BigBear.ai in the 4th quarter worth approximately $40,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the 4th quarter valued at $44,000. Captrust Financial Advisors purchased a new position in shares of BigBear.ai during the 4th quarter valued at $45,000. Finally, Retirement Income Solutions Inc acquired a new position in shares of BigBear.ai in the fourth quarter worth $47,000. 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.