BigBear.ai (NYSE:BBAI) Trading 4.7% Higher - Time to Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 4.7% on Friday . The stock traded as high as $4.03 and last traded at $3.95. 27,320,294 shares were traded during trading, a decline of 22% from the average session volume of 35,073,918 shares. The stock had previously closed at $3.77.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Northland Capmk cut BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. HC Wainwright reduced their price target 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. Cantor Fitzgerald reduced their price target 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. Finally, Northland Securities cut 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 report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a fifty day simple moving average of $3.31 and a 200 day simple moving average of $3.90. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.22 and a beta of 3.29.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) 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 previous year, the business posted ($0.67) earnings per share. The firm's revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In other BigBear.ai 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of the business's 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 $918,860.40. This trade represents a 9.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,219 shares of company stock valued at $752,605 over the last ninety days. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flaharty Asset Management LLC purchased a new stake in BigBear.ai in the first quarter valued at $26,000. City State Bank purchased a new stake in BigBear.ai in the first quarter valued at $29,000. Cornerstone Wealth Management LLC purchased a new stake in BigBear.ai in the first quarter valued at $29,000. Blue Bell Private Wealth Management LLC raised its position 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 purchasing an additional 11,080 shares during the period. Finally, Opal Wealth Advisors LLC purchased a new stake in BigBear.ai in the first quarter valued at $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.