HC Wainwright Reaffirms "Buy" Rating for BigBear.ai (NYSE:BBAI)

BigBear.ai (NYSE:BBAI - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at HC Wainwright in a report released on Friday, Benzinga reports. They presently have a $5.00 target price on the stock. HC Wainwright's target price would indicate a potential upside of 236.70% from the stock's current price.

Separately, Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Monday, March 4th.

BigBear.ai Stock Down 14.2 %

Shares of NYSE:BBAI traded down $0.24 during midday trading on Friday, reaching $1.49. The company's stock had a trading volume of 11,209,747 shares, compared to its average volume of 10,073,586. The firm has a 50 day moving average of $2.22 and a 200-day moving average of $1.92. The firm has a market capitalization of $365.43 million, a P/E ratio of -3.52 and a beta of 3.73. BigBear.ai has a 12-month low of $1.16 and a 12-month high of $4.80.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.07). The firm had revenue of $40.56 million for the quarter, compared to analysts' expectations of $42.75 million. BigBear.ai's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.23) earnings per share. On average, research analysts predict that BigBear.ai will post -0.21 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Dorothy D. Hayes sold 12,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $2.43, for a total transaction of $29,160.00. Following the completion of the sale, the director now directly owns 209,401 shares of the company's stock, valued at approximately $508,844.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Dorothy D. Hayes sold 12,000 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $2.43, for a total transaction of $29,160.00. Following the sale, the director now owns 209,401 shares of the company's stock, valued at $508,844.43. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Sean Raymond Ricker sold 36,250 shares of BigBear.ai stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $2.07, for a total transaction of $75,037.50. Following the completion of the transaction, the chief accounting officer now directly owns 99,428 shares of the company's stock, valued at $205,815.96. The disclosure for this sale can be found here. Insiders sold a total of 5,838,420 shares of company stock valued at $15,635,973 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Several large investors have recently modified their holdings of BBAI. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in BigBear.ai by 64.0% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,492 shares of the company's stock valued at $42,000 after acquiring an additional 7,607 shares during the last quarter. Vontobel Holding Ltd. grew its position in BigBear.ai by 22.2% in the 4th quarter. Vontobel Holding Ltd. now owns 44,000 shares of the company's stock valued at $94,000 after acquiring an additional 8,000 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in BigBear.ai in the 4th quarter valued at $26,000. Avondale Wealth Management purchased a new stake in shares of BigBear.ai in the 1st quarter worth $33,000. Finally, Powell Investment Advisors LLC lifted its holdings in shares of BigBear.ai by 94.3% in the 4th quarter. Powell Investment Advisors LLC now owns 35,020 shares of the company's stock worth $75,000 after buying an additional 17,000 shares during the period. Institutional investors own 7.55% of the company's stock.

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.