BigBear.ai (NYSE:BBAI) Stock Price Up 21% - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price was up 21% on Tuesday . The stock traded as high as $4.37 and last traded at $4.41. Approximately 63,502,993 shares changed hands during trading, an increase of 102% from the average daily volume of 31,456,203 shares. The stock had previously closed at $3.64.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BBAI shares. Cantor Fitzgerald dropped their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a report on Friday, March 7th. HC Wainwright dropped their price target on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th. Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from $2.50 to $4.00 in a report on Friday, March 7th. Finally, Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

BigBear.ai Price Performance

The company's 50-day moving average is $3.17 and its two-hundred day moving average is $3.79. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $1.19 billion, a P/E ratio of -4.52 and a beta of 3.32.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted 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 138.35% and a negative net margin of 109.90%. The firm 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 company earned ($0.67) EPS. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. Sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Dorothy D. Hayes sold 26,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the completion of the transaction, the director now owns 255,239 shares of the company's stock, valued at $918,860.40. This represents a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Julie Peffer sold 45,924 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $3.48, for a total value of $159,815.52. Following the completion of the sale, the chief financial officer now owns 684,153 shares in the company, valued at $2,380,852.44. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,219 shares of company stock valued at $532,605. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flaharty Asset Management LLC bought a new stake in BigBear.ai during the first quarter worth $26,000. Goldman Sachs Group Inc. grew its position in shares of BigBear.ai by 569.0% in the first 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 in the last quarter. NewEdge Advisors LLC grew its position in shares of BigBear.ai by 441.1% in the first quarter. NewEdge Advisors LLC now owns 74,318 shares of the company's stock valued at $213,000 after purchasing an additional 60,583 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BigBear.ai by 54.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company's stock valued at $1,306,000 after acquiring an additional 160,096 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of BigBear.ai during the 1st quarter valued at about $88,000. 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.