BigBear.ai (NYSE:BBAI) Trading 15.7% Higher - Here's Why

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) were up 15.7% during mid-day trading on Thursday . The stock traded as high as $5.55 and last traded at $5.56. Approximately 96,750,083 shares traded hands during trading, an increase of 125% from the average daily volume of 42,966,061 shares. The stock had previously closed at $4.81.

Wall Street Analysts Forecast Growth

BBAI has been the topic of a number of recent analyst reports. Northland Securities lowered BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their price objective for the stock from $2.50 to $4.00 in a research note 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 for the company in a research report on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, 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 report on Friday, March 7th.

BigBear.ai Price Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market cap of $1.70 billion, a P/E ratio of -7.51 and a beta of 3.29. The company's 50-day moving average price is $3.70 and its 200-day moving average price is $4.06.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same period in the previous year, the firm posted ($0.67) earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer now owns 634,153 shares in the company, valued at $2,790,273.20. This trade represents a 7.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dorothy D. Hayes sold 26,000 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the sale, the director now directly owns 255,239 shares in the company, valued at approximately $918,860.40. This represents a 9.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 168,053 shares of company stock worth $620,599 over the last 90 days. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AE Industrial Partners LP bought a new stake in BigBear.ai in the fourth quarter valued at approximately $284,721,000. Goldman Sachs Group Inc. boosted its stake in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after purchasing an additional 1,990,822 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of BigBear.ai during the first quarter worth $3,811,000. TFG Asset Management GP Ltd bought a new position in BigBear.ai during the fourth quarter worth $4,005,000. Finally, Soviero Asset Management LP bought a new position in BigBear.ai during the fourth quarter worth $3,248,000. Institutional investors and hedge funds own 7.55% of the company's stock.

BigBear.ai Company Profile

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.