BigBear.ai (NYSE:BBAI) Trading 1.8% Higher – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded up 1.8% during trading on Thursday . The company traded as high as $6.85 and last traded at $6.73. 105,416,637 shares were traded during trading, an increase of 10% from the average session volume of 95,442,656 shares. The stock had previously closed at $6.61.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BBAI shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.33.

BigBear.ai Stock Up 1.8%

The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $6.67 and its 200 day moving average is $6.12. The stock has a market cap of $2.94 billion, a P/E ratio of -4.74 and a beta of 3.44.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. BigBear.ai’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $7.06, for a total transaction of $35,300.00. Following the transaction, the chief financial officer owned 488,716 shares in the company, valued at approximately $3,450,334.96. The trade was a 1.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, the director directly owned 236,150 shares of the company’s stock, valued at $1,435,792. This represents a 8.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC acquired a new position in BigBear.ai in the 1st quarter valued at approximately $26,000. CWM LLC increased its position in shares of BigBear.ai by 237.5% during the third quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after purchasing an additional 3,265 shares during the period. Hazlett Burt & Watson Inc. raised its stake in shares of BigBear.ai by 3,355.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after purchasing an additional 4,832 shares in the last quarter. Alpine Global Management LLC acquired a new position in shares of BigBear.ai in the first quarter valued at $34,000. Finally, Atria Wealth Solutions Inc. bought a new position in BigBear.ai in the first quarter worth $42,000. 7.55% of the stock is currently owned by institutional investors.

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.