Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) rose 10.3% on Wednesday . The stock traded as high as $4.37 and last traded at $3.93. Approximately 62,439,801 shares were traded during trading, an increase of 118% from the average daily volume of 28,707,073 shares. The stock had previously closed at $3.56.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Cantor Fitzgerald reduced their price objective on 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 Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and upped their target price for the company from $2.50 to $4.00 in a research note on Friday, March 7th. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, HC Wainwright reduced their target price on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, March 7th.
View Our Latest Research Report on BigBear.ai
BigBear.ai Trading Up 7.3%
The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.11 billion, a P/E ratio of -4.20 and a beta of 3.32. The firm's 50-day simple moving average is $3.06 and its 200 day simple moving average is $3.65.
BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results 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). The business had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. BigBear.ai's revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.67) earnings per share. Equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CAO Sean Raymond Ricker sold 10,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $3.33, for a total transaction of $33,300.00. Following the sale, the chief accounting officer now directly owns 293,639 shares in the company, valued at approximately $977,817.87. The trade was a 3.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Julie Peffer sold 20,000 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $3.25, for a total value of $65,000.00. Following the sale, the chief financial officer now owns 730,077 shares of the company's stock, valued at $2,372,750.25. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,219 shares of company stock worth $439,005 in the last 90 days. Company insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On BigBear.ai
A number of institutional investors and hedge funds have recently modified their holdings of the company. AE Industrial Partners LP purchased a new position in BigBear.ai in the 4th quarter valued at about $284,721,000. TFG Asset Management GP Ltd acquired a new position in BigBear.ai during the fourth quarter worth $4,005,000. Soviero Asset Management LP purchased a new stake in shares of BigBear.ai in the fourth quarter valued at $3,248,000. Headlands Technologies LLC purchased a new stake in shares of BigBear.ai in the first quarter worth about $1,806,000. Finally, Vanguard Group Inc. raised its stake in BigBear.ai by 9.2% during the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock valued at $18,091,000 after buying an additional 534,963 shares in the last quarter. 7.55% of the stock is currently owned by hedge funds and other institutional investors.
About BigBear.ai
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider BigBear.ai, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BigBear.ai wasn't on the list.
While BigBear.ai currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
