BigBear.ai (NYSE:BBAI) Trading 3.7% Higher – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was up 3.7% during mid-day trading on Thursday . The company traded as high as $5.79 and last traded at $5.64. Approximately 191,183,244 shares traded hands during trading, an increase of 98% from the average daily volume of 96,437,758 shares. The stock had previously closed at $5.44.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBAI shares. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. HC Wainwright restated a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Two investment 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. Based on data from MarketBeat, BigBear.ai has an average rating of “Hold” and a consensus price target of $6.33.

BigBear.ai Price Performance

The firm has a market capitalization of $2.46 billion, a PE ratio of -3.97 and a beta of 3.44. 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 company has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $6.19.

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

Insiders Place Their Bets

In other BigBear.ai news, CFO Sean Raymond Ricker sold 5,000 shares of the firm’s stock in a transaction on 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 directly owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the transaction, the director owned 236,150 shares in the company, valued at approximately $1,435,792. This represents a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in BigBear.ai by 32.6% during the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after acquiring an additional 6,790,890 shares during the period. Jump Financial LLC acquired a new position in shares of BigBear.ai in the second quarter valued at approximately $37,407,000. Two Sigma Investments LP raised its stake in shares of BigBear.ai by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after purchasing an additional 3,056,597 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BigBear.ai by 125.2% during the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock worth $34,456,000 after purchasing an additional 2,820,698 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of BigBear.ai by 3,252.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock worth $16,285,000 after purchasing an additional 2,326,883 shares during the period. Hedge funds and other 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.