BigBear.ai (NYSE:BBAI) Trading 6.8% Higher – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded up 6.8% during mid-day trading on Wednesday . The stock traded as high as $3.69 and last traded at $3.63. 36,128,638 shares were traded during mid-day trading, an increase of 285% from the average session volume of 9,396,235 shares. The stock had previously closed at $3.40.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BBAI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Stock Performance

The business has a 50-day simple moving average of $2.08 and a 200 day simple moving average of $1.68. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The firm has a market cap of $784.33 million, a PE ratio of -3.44 and a beta of 3.58.

BigBear.ai (NYSE:BBAI) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. Equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insiders Place Their Bets

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. The trade was a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BBAI. Barclays PLC raised its position in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company’s stock valued at $208,000 after purchasing an additional 107,214 shares during the period. Geode Capital Management LLC increased its position in shares of BigBear.ai by 28.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company’s stock valued at $3,152,000 after purchasing an additional 479,401 shares during the last quarter. XTX Topco Ltd raised its holdings in BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after buying an additional 22,363 shares during the period. State Street Corp lifted its position in BigBear.ai by 16.8% in the third quarter. State Street Corp now owns 1,864,815 shares of the company’s stock worth $2,723,000 after buying an additional 267,673 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new position in BigBear.ai during the third quarter worth $61,000. 7.55% of the stock is owned by hedge funds and other 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.