BigBear.ai (NYSE:BBAI) Stock Price Up 6% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price shot up 6% during trading on Tuesday . The stock traded as high as $3.31 and last traded at $3.16. 10,422,412 shares changed hands during trading, a decline of 69% from the average session volume of 33,793,523 shares. The stock had previously closed at $2.98.

Analyst Ratings Changes

A number of equities analysts have weighed in on BBAI shares. HC Wainwright upped their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Performance

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 company has a 50 day simple moving average of $2.95 and a 200-day simple moving average of $2.02. The firm has a market cap of $1.03 billion, a PE ratio of -4.54 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million during 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction 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 transaction, the chief executive officer now directly owns 2,445,449 shares of the company’s stock, valued at $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock valued at $465,000 after acquiring an additional 189,593 shares during the last quarter. Rhumbline Advisers increased its holdings in BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after purchasing an additional 68,663 shares during the period. XTX Topco Ltd bought a new position in BigBear.ai during the 2nd quarter valued at approximately $58,000. Bank of Montreal Can grew its position in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after buying an additional 643,570 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after buying an additional 23,597 shares during the last quarter. 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.