BigBear.ai (NYSE:BBAI) Shares Up 2.7% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares rose 2.7% on Tuesday . The stock traded as high as $4.37 and last traded at $4.25. Approximately 45,756,729 shares traded hands during trading, an increase of 22% from the average daily volume of 37,602,897 shares. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. HC Wainwright decreased their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Northland Securities downgraded BigBear.ai from an "outperform" rating to a "market perform" rating and increased their target price for the company from $2.50 to $4.00 in a research report on Friday, March 7th. Finally, 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 note on Friday, March 7th.

BigBear.ai Stock Performance

The firm has a fifty day moving average price of $3.44 and a two-hundred day moving average price of $3.99. 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 stock has a market capitalization of $1.15 billion, a PE ratio of -5.07 and a beta of 3.29.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The company 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 company's quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.67) EPS. Research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the completion of the sale, the chief accounting officer now owns 223,070 shares of the company's stock, valued at $814,205.50. This represents a 13.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Julie Peffer sold 50,000 shares of BigBear.ai stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 634,153 shares in the company, valued at $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 204,219 shares of company stock valued at $752,605. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AE Industrial Partners LP purchased a new stake in BigBear.ai during the 4th quarter valued at about $284,721,000. Goldman Sachs Group Inc. raised its position in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after buying an additional 1,990,822 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in BigBear.ai during the 1st quarter valued at approximately $3,811,000. TFG Asset Management GP Ltd purchased a new stake in shares of BigBear.ai in the 4th quarter valued at $4,005,000. Finally, Soviero Asset Management LP acquired a new stake in shares of BigBear.ai in the fourth quarter worth $3,248,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.