BigBear.ai (NYSE:BBAI) Stock Price Up 5.6% – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded up 5.6% during trading on Wednesday . The stock traded as high as $6.12 and last traded at $6.1130. 79,735,603 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 94,929,789 shares. The stock had previously closed at $5.79.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BBAI. 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 reissued a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price objective on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. 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 company’s stock. According to MarketBeat, BigBear.ai currently has an average rating of “Hold” and an average price target of $6.33.

BigBear.ai Trading Up 5.6%

The business’s 50 day simple moving average is $6.71 and its 200 day simple moving average is $6.01. The stock has a market cap of $2.67 billion, a P/E ratio of -4.30 and a beta of 3.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13.

BigBear.ai (NYSE:BBAI) last issued its 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). The firm had revenue of $33.14 million during the quarter, compared to analyst estimates of $31.82 million. BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The firm’s revenue for the quarter was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) EPS. On average, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In related news, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the completion of the transaction, the director directly owned 236,150 shares of the company’s stock, valued at approximately $1,435,792. This represents a 8.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by insiders.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of BBAI. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of BigBear.ai during the 1st quarter worth approximately $115,000. Avantax Advisory Services Inc. acquired a new position in BigBear.ai during the first quarter worth approximately $49,000. Cetera Investment Advisers increased its holdings in shares of BigBear.ai by 194.5% during the 1st quarter. Cetera Investment Advisers now owns 73,299 shares of the company’s stock worth $210,000 after acquiring an additional 48,407 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in BigBear.ai during the 1st quarter valued at $96,000. Finally, Harbour Investments Inc. lifted its holdings in BigBear.ai by 4.8% during the 1st quarter. Harbour Investments Inc. now owns 135,865 shares of the company’s stock valued at $389,000 after purchasing an additional 6,269 shares during the last quarter. Institutional investors and hedge funds 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.