BigBear.ai (NYSE:BBAI) Trading Up 4.6% - What's Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was up 4.6% during mid-day trading on Wednesday . The stock traded as high as $4.25 and last traded at $4.24. Approximately 74,961,163 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 67,224,992 shares. The stock had previously closed at $4.05.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. HC Wainwright decreased their target price on BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Cantor Fitzgerald decreased their price objective on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Northland Securities cut BigBear.ai from an "outperform" rating to a "market perform" rating and raised their price target for the company from $2.50 to $4.00 in a report on Friday, March 7th.

BigBear.ai Price Performance

The company has a 50-day moving average price of $3.46 and a 200-day moving average price of $3.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $1.15 billion, a P/E ratio of -5.07 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). BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. 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 previous year, the firm posted ($0.67) earnings per share. The firm's revenue was up 4.9% on a year-over-year basis. On average, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

In related news, CFO Julie Peffer sold 50,000 shares of the company's 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 sale, the chief financial officer now owns 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sean Raymond Ricker sold 14,063 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $3.05, for a total transaction of $42,892.15. Following the sale, the chief accounting officer now directly owns 270,061 shares in the company, valued at $823,686.05. This trade represents a 4.95% 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 worth $752,605. Corporate insiders own 1.10% of the company's stock.

Institutional Investors 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 position in shares of BigBear.ai in the first quarter valued at $26,000. City State Bank bought a new stake in shares of BigBear.ai during the 1st quarter worth about $29,000. Cornerstone Wealth Management LLC acquired a new position in BigBear.ai in the 1st quarter valued at about $29,000. Blue Bell Private Wealth Management LLC raised 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 acquiring 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.

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.