BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $3.56, but opened at $4.00. BigBear.ai shares last traded at $3.88, with a volume of 45,474,892 shares trading hands.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Cantor Fitzgerald decreased 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. HC Wainwright lowered their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.
Read Our Latest Stock Analysis on BigBear.ai
BigBear.ai Stock Performance
The company has a fifty day moving average of $3.06 and a two-hundred day moving average of $3.65. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -4.34 and a beta of 3.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.
BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The firm had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.67) earnings per share. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.
Insider Activity at BigBear.ai
In related news, CFO Julie Peffer sold 20,000 shares of the business's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $3.25, for a total transaction of $65,000.00. Following the transaction, the chief financial officer now owns 730,077 shares in the company, valued at $2,372,750.25. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sean Raymond Ricker sold 36,166 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were 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 owns 223,070 shares of the company's stock, valued at approximately $814,205.50. This represents a 13.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,219 shares of company stock worth $439,005 over the last ninety days. Insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On BigBear.ai
Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in shares of BigBear.ai in the first quarter valued at approximately $605,000. Marathon Trading Investment Management LLC bought a new position in BigBear.ai in the 1st quarter valued at $286,000. Caitong International Asset Management Co. Ltd increased its position in shares of BigBear.ai by 4,708.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 38,710 shares of the company's stock valued at $111,000 after purchasing an additional 37,905 shares during the last quarter. Bulltick Wealth Management LLC raised its stake in shares of BigBear.ai by 39.4% during the 1st quarter. Bulltick Wealth Management LLC now owns 271,800 shares of the company's stock worth $777,000 after purchasing an additional 76,800 shares during the period. Finally, Independent Advisor Alliance purchased a new position in shares of BigBear.ai in the 1st quarter worth about $63,000. Institutional investors own 7.55% of the company's stock.
BigBear.ai Company Profile
(
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.
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