BigBear.ai (NYSE:BBAI) Trading Up 1.9% - Time to Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shot up 1.9% during trading on Thursday . The company traded as high as $3.84 and last traded at $3.80. 22,820,708 shares were traded during mid-day trading, a decline of 37% from the average session volume of 36,281,863 shares. The stock had previously closed at $3.73.

Analyst Ratings Changes

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

BigBear.ai Trading Down 3.0%

The business's 50 day moving average price is $3.40 and its 200-day moving average price is $3.98. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -4.08 and a beta of 3.29.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results 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 company had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.67) EPS. On average, equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares in the company, valued at $814,205.50. The trade was a 13.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Julie Peffer sold 50,000 shares of BigBear.ai stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer now owns 634,153 shares of the company's stock, valued at $2,790,273.20. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,219 shares of company stock valued at $752,605. 1.10% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the business. Flaharty Asset Management LLC acquired a new stake in BigBear.ai in the 1st quarter worth about $26,000. City State Bank bought a new position in BigBear.ai in the 1st quarter valued at about $29,000. Cornerstone Wealth Management LLC bought a new position in BigBear.ai in the 1st quarter valued at about $29,000. Blue Bell Private Wealth Management LLC increased its holdings 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 buying an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in BigBear.ai in the 1st quarter valued at about $34,000. Institutional investors and hedge funds 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.