Investors Purchase Large Volume of Call Options on BigBear.ai (NYSE:BBAI)

Key Points

• Unusual options activity: Investors purchased 39,656 call options on BigBear.ai, approximately 59% above the typical volume of 24,944 contracts.
• Shares rose 10.1% to $2.33 during Tuesday trading, though the stock remains below its 50-day and 200-day moving averages and has a one-year range of $2.07 to $7.40.
• Analyst sentiment remains mixed, with one Buy, one Hold, and one Sell rating; the consensus rating is Hold with a $5.00 price target. BigBear.ai reported quarterly revenue growth of 12.9% but remained unprofitable.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors purchased 39,656 call options on the company. This is an increase of approximately 59% compared to the typical volume of 24,944 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BBAI shares. Cantor Fitzgerald dropped their price target on shares of BigBear.ai from $5.00 to $4.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Wall Street Zen cut BigBear.ai from a "hold" rating to a "sell" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $5.00.

BigBear.ai Stock Up 10.1%

NYSE:BBAI traded up $0.21 during trading hours on Tuesday, reaching $2.33. The company's stock had a trading volume of 23,664,735 shares, compared to its average volume of 36,215,414. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.67 and a quick ratio of 5.67. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -11.12 and a beta of 3.37. BigBear.ai has a one year low of $2.07 and a one year high of $7.40. The business's 50-day moving average is $2.72 and its 200-day moving average is $3.70.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $36.75 million for the quarter, compared to analyst estimates of $36.37 million. BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%. The business's revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned ($0.71) earnings per share. Equities research analysts predict that BigBear.ai will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BBAI. Park Avenue Securities LLC bought a new position in BigBear.ai during the third quarter worth $34,000. A&I Financial Services LLC bought a new stake in BigBear.ai in the 2nd quarter valued at $37,000. Hollencrest Capital Management bought a new stake in BigBear.ai in the 1st quarter valued at $41,000. Krilogy Financial LLC acquired a new stake in BigBear.ai in the 1st quarter worth $43,000. Finally, DV Trading LLC grew its position in BigBear.ai by 160.8% in the 1st quarter. DV Trading LLC now owns 13,344 shares of the company's stock worth $47,000 after purchasing an additional 8,227 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc NYSE: BBAI is an artificial intelligence company that develops decision-intelligence solutions for government and commercial organizations. Its technologies are designed to help customers analyze complex data, identify risks and opportunities, and support planning and operational decision-making.

The company provides artificial intelligence and machine-learning capabilities across areas such as supply-chain management, cyber operations, logistics, autonomous systems, predictive analytics, and computer vision.

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