BigBear.ai (NYSE:BBAI) Shares Gap Up on Analyst Upgrade

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) gapped up before the market opened on Tuesday after HC Wainwright raised their price target on the stock from $6.00 to $9.00. The stock had previously closed at $6.79, but opened at $7.15. HC Wainwright currently has a buy rating on the stock. BigBear.ai shares last traded at $6.58, with a volume of 59,007,052 shares changing hands.

A number of other research firms have also recently issued reports on BBAI. Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Cantor Fitzgerald lowered their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research report on Friday, March 7th. Finally, Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 7th.

Insider Activity at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 14,063 shares of BigBear.ai stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the transaction, the chief accounting officer directly owned 270,061 shares of the company's stock, valued at $823,686.05. The trade was a 4.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the transaction, the director owned 255,239 shares in the company, valued at $918,860.40. This trade represents a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,987 shares of company stock valued at $614,608 over the last three months. 1.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Cape Investment Advisory Inc. acquired a new stake in shares of BigBear.ai during the fourth quarter worth $40,000. Flaharty Asset Management LLC bought a new stake in shares of BigBear.ai in the 1st quarter worth about $26,000. City State Bank acquired a new position in BigBear.ai in the first quarter worth $29,000. Cornerstone Wealth Management LLC acquired a new position in BigBear.ai in the first quarter valued at approximately $29,000. Finally, Captrust Financial Advisors acquired a new stake in BigBear.ai in the fourth quarter worth $45,000. Institutional investors and hedge funds own 7.55% of the company's stock.

BigBear.ai Trading Down 1.5%

The firm's 50 day simple moving average is $3.86 and its 200 day simple moving average is $4.13. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The company had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. During the same period in the prior year, the business earned ($0.67) earnings per share. The business's revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

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.