BigBear.ai (NYSE:BBAI) Shares Up 10.3% - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded up 10.3% during trading on Wednesday . The stock traded as high as $3.78 and last traded at $3.92. 25,239,965 shares changed hands during trading, a decline of 16% from the average session volume of 29,890,163 shares. The stock had previously closed at $3.55.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock Up 8.2%

The firm has a market cap of $1.12 billion, a P/E ratio of -4.33 and a beta of 3.32. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The business has a fifty day moving average of $3.11 and a 200 day moving average of $3.72.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. During the same quarter last year, the business earned ($0.67) EPS. BigBear.ai's revenue was up 4.9% on a year-over-year basis. On average, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Julie Peffer sold 20,000 shares of the 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 directly owns 730,077 shares of the company's stock, valued at $2,372,750.25. This represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the sale, the chief accounting officer now owns 270,061 shares of the company's stock, valued at $823,686.05. The trade was a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 154,219 shares of company stock valued at $532,605. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the stock. Flaharty Asset Management LLC acquired a new position in BigBear.ai during the 1st quarter worth approximately $26,000. City State Bank acquired a new position in shares of BigBear.ai during the first quarter worth approximately $29,000. Cornerstone Wealth Management LLC bought a new position in shares of BigBear.ai in the 1st quarter worth $29,000. Blue Bell Private Wealth Management LLC grew its position in BigBear.ai by 2,216.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after purchasing an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in BigBear.ai in the 1st quarter valued at $34,000. 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.

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