BigBear.ai (NYSE:BBAI) Trading 1.8% Higher – Still a Buy?

by · The Markets Daily

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report) were up 1.8% during mid-day trading on Thursday . The company traded as high as $6.85 and last traded at $6.73. Approximately 105,416,637 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 95,442,656 shares. The stock had previously closed at $6.61.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on BBAI

BigBear.ai Stock Performance

The stock has a fifty day moving average price of $6.65 and a 200 day moving average price of $6.14. 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 firm has a market cap of $2.78 billion, a price-to-earnings ratio of -4.49 and a beta of 3.44.

BigBear.ai (NYSE:BBAI – Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The company had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. During the same period in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was down 20.1% compared to the same quarter last year. As a group, analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CWM LLC raised its stake in BigBear.ai by 237.5% during the 3rd quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after purchasing an additional 3,265 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of BigBear.ai by 3,355.6% during the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after buying an additional 4,832 shares during the last quarter. Nisa Investment Advisors LLC grew its position in BigBear.ai by 68.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock worth $42,000 after buying an additional 2,527 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in BigBear.ai by 2,242.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company’s stock valued at $53,000 after acquiring an additional 7,850 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of BigBear.ai in the 1st quarter worth approximately $26,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

About BigBear.ai

(Get Free Report)

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.

Further Reading