BigBear.ai (NYSE:BBAI) Stock Price Expected to Rise, HC Wainwright Analyst Says

BigBear.ai (NYSE:BBAI - Get Free Report) had its target price raised by research analysts at HC Wainwright from $6.00 to $9.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. HC Wainwright's price target would indicate a potential upside of 31.77% from the company's previous close.

Several other research analysts have also recently weighed in on BBAI. Cantor Fitzgerald dropped their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research note 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.

BigBear.ai Stock Performance

NYSE BBAI opened at $6.83 on Tuesday. BigBear.ai has a 1-year low of $1.17 and a 1-year high of $10.36. The company has a 50 day moving average of $3.86 and a 200-day moving average of $4.13. 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 firm has a market cap of $1.99 billion, a price-to-earnings ratio of -8.76 and a beta of 3.30.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings results 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 57.83% and a negative net margin of 121.31%. The business 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 company earned ($0.67) earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. On average, equities analysts forecast that BigBear.ai will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, Director Dorothy D. Hayes sold 26,000 shares of BigBear.ai 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 directly owned 255,239 shares of the company's stock, valued at $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The sale 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 company's stock in a transaction dated 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 sale, the chief financial officer owned 634,153 shares of the company's stock, valued at $2,790,273.20. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,987 shares of company stock valued at $614,608. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. AE Industrial Partners LP bought a new position in shares of BigBear.ai during the fourth quarter worth $284,721,000. Vanguard Group Inc. raised its stake in BigBear.ai by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock worth $18,091,000 after buying an additional 534,963 shares during the period. Goldman Sachs Group Inc. lifted its holdings in BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after acquiring an additional 1,990,822 shares in the last quarter. Geode Capital Management LLC grew its stake in BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after acquiring an additional 38,858 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of BigBear.ai in the first quarter worth about $3,811,000. 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.

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