BigBear.ai (NYSE:BBAI) Trading Up 3.1% - Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded up 3.1% on Thursday . The stock traded as high as $3.91 and last traded at $3.83. 37,108,561 shares were traded during trading, a decline of 36% from the average session volume of 58,412,066 shares. The stock had previously closed at $3.72.

Wall Street Analysts Forecast Growth

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

BigBear.ai Price Performance

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 company's 50-day simple moving average is $3.11 and its 200 day simple moving average is $3.72. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -4.41 and a beta of 3.32.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. During the same period in the prior year, the business posted ($0.67) earnings per share. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In other BigBear.ai news, 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 value of $93,600.00. Following the transaction, the director now directly owns 255,239 shares in the company, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $33,300.00. Following the sale, the chief accounting officer now owns 293,639 shares of the company's stock, valued at approximately $977,817.87. The trade was a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 154,219 shares of company stock valued at $532,605 in the last three months. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds have recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC acquired a new stake in BigBear.ai during the 1st quarter worth $26,000. City State Bank bought a new stake in shares of BigBear.ai during the 1st quarter worth approximately $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai during the 1st quarter worth about $29,000. Blue Bell Private Wealth Management LLC raised its stake in BigBear.ai by 2,216.0% in the first 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 during the first quarter worth $34,000. Institutional investors and hedge funds 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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