BigBear.ai (NYSE:BBAI) Stock Price Up 5.7% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded up 5.7% during trading on Wednesday . The stock traded as high as $4.05 and last traded at $4.0050. 36,374,523 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 50,559,082 shares. The stock had previously closed at $3.79.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BBAI shares. Wall Street Zen lowered shares of BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Monday. HC Wainwright cut their price target on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Cantor Fitzgerald decreased their price target on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.50.

BigBear.ai Trading Up 5.7%

The company has a market capitalization of $1.92 billion, a PE ratio of -4.01 and a beta of 3.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 1.78. The business has a fifty day moving average price of $3.79 and a 200 day moving average price of $5.36.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million. BigBear.ai had a negative return on equity of 18.22% and a negative net margin of 230.21%.The company’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) EPS. Analysts expect that BigBear.ai Holdings, Inc. will post -0.3 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Pamela Joyce Braden sold 80,000 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the transaction, the director owned 508,687 shares of the company’s stock, valued at approximately $2,034,748. This trade represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

Several large investors have recently added to or reduced their stakes in BBAI. CWM LLC raised its position in BigBear.ai by 237.5% in 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. boosted its position 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 worth $32,000 after buying an additional 4,832 shares during the period. Root Financial Partners LLC grew its stake in shares of BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after buying an additional 4,631 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of BigBear.ai by 150.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after buying an additional 3,392 shares in the last quarter. Finally, HM Payson & Co. raised its holdings in shares of BigBear.ai by 616.9% during the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock valued at $39,000 after buying an additional 6,169 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.