BigBear.ai (NYSE:BBAI) Shares Up 4.8% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares shot up 4.8% on Tuesday . The company traded as high as $3.46 and last traded at $3.41. 21,538,222 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 28,204,713 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

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

BigBear.ai Stock 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 has a market cap of $1.06 billion, a PE ratio of -3.98 and a beta of 3.32. The stock's 50 day simple moving average is $3.07 and its two-hundred day simple moving average is $3.65.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly 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). The company had revenue of $34.76 million for the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.67) EPS. As a group, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Julie Peffer sold 45,924 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $3.48, for a total transaction of $159,815.52. Following the completion of the sale, the chief financial officer now directly owns 684,153 shares of the company's stock, valued at approximately $2,380,852.44. This trade represents a 6.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sean Raymond Ricker sold 10,000 shares of the firm'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 directly owns 293,639 shares of the company's stock, valued at approximately $977,817.87. This represents a 3.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,219 shares of company stock valued at $439,005 over the last quarter. Company insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BBAI. City State Bank bought a new stake in BigBear.ai in the 1st quarter valued at about $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC grew its stake in shares of 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 worth $33,000 after purchasing an additional 11,080 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of BigBear.ai during the first quarter valued at approximately $34,000. Finally, SLT Holdings LLC acquired a new stake in shares of BigBear.ai during the first quarter valued at approximately $37,000. 7.55% of the stock is owned by institutional investors and hedge funds.

About BigBear.ai

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.