BigBear.ai (NYSE:BBAI) Trading 7.9% Higher - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded up 7.9% during trading on Friday . The stock traded as high as $4.25 and last traded at $4.18. 42,486,642 shares were traded during mid-day trading, an increase of 31% from the average session volume of 32,547,730 shares. The stock had previously closed at $3.87.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Down 4.9%

The firm's fifty day moving average is $3.22 and its 200-day moving average is $3.85. The company has a market capitalization of $1.15 billion, a P/E ratio of -4.35 and a beta of 3.32. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. During the same period in the previous year, the firm posted ($0.67) EPS. The business's quarterly revenue was up 4.9% compared to the same quarter last year. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were 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 owns 634,153 shares in the company, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the 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 sale, the director now owns 255,239 shares of the company's stock, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BBAI. AE Industrial Partners LP bought a new position in BigBear.ai during the fourth quarter worth $284,721,000. Goldman Sachs Group Inc. boosted its position in shares of 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 purchasing an additional 1,990,822 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in BigBear.ai during the 1st quarter worth approximately $3,811,000. TFG Asset Management GP Ltd bought a new position in BigBear.ai in the fourth quarter worth approximately $4,005,000. Finally, Soviero Asset Management LP acquired a new stake in BigBear.ai in the fourth quarter valued at approximately $3,248,000. 7.55% of the stock is owned by institutional investors.

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.