BigBear.ai (NYSE:BBAI) Shares Gap Up – Time to Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped up prior to trading on Tuesday . The stock had previously closed at $2.98, but opened at $3.17. BigBear.ai shares last traded at $3.17, with a volume of 4,174,028 shares changing hands.

Analysts Set New Price Targets

Several research firms recently commented on BBAI. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright lifted their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

BigBear.ai Price Performance

The firm has a market cap of $846.99 million, a price-to-earnings ratio of -3.71 and a beta of 3.21. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock’s fifty day moving average price is $2.95 and its 200-day moving average price is $2.02.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the sale, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

Institutional investors have recently added to or reduced their stakes in the stock. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai during the third quarter worth $36,000. XTX Topco Ltd purchased a new position in BigBear.ai during the 2nd quarter valued at about $58,000. Intech Investment Management LLC acquired a new position in BigBear.ai in the 3rd quarter valued at about $61,000. The Manufacturers Life Insurance Company increased its stake in BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of BigBear.ai during the third quarter worth about $131,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.