BigBear.ai (NYSE:BBAI) Trading Up 1.8% - Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was up 1.8% during trading on Monday . The stock traded as high as $6.61 and last traded at $6.56. Approximately 42,182,274 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 52,961,700 shares. The stock had previously closed at $6.44.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price target on shares of BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a report on Tuesday, July 1st.

BigBear.ai Stock Performance

The business's 50-day moving average price is $4.60 and its 200-day moving average price is $4.38. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. The stock has a market cap of $2.02 billion, a PE ratio of -8.88 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The firm had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The firm's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.67) EPS. As a group, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BigBear.ai news, Director Dorothy D. Hayes sold 26,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director owned 255,239 shares of the company's stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the sale, the chief financial officer directly owned 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 165,987 shares of company stock valued at $614,608. Insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in BigBear.ai by 4,202.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company's stock valued at $57,000 after acquiring an additional 12,607 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after acquiring an additional 8,879 shares during the period. Victory Capital Management Inc. lifted its stake in BigBear.ai by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company's stock valued at $65,000 after acquiring an additional 2,332 shares during the period. Raymond James Financial Inc. acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $618,000. Finally, PFG Advisors acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $177,000. Hedge funds and other institutional investors 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.