BigBear.ai (NYSE:BBAI) Sets New 12-Month High – Still a Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $5.84 and last traded at $5.73, with a volume of 19647963 shares. The stock had previously closed at $4.91.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Down 5.3 %

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 stock has a 50-day moving average of $3.75 and a 200-day moving average of $2.35.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to analyst estimates 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 for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Sean Bernard Battle sold 44,813 shares of BigBear.ai stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. This trade represents a 24.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Amanda Long sold 66,140 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the transaction, the chief executive officer now owns 2,445,449 shares in the company, valued at $11,004,520.50. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 310,953 shares of company stock valued at $1,347,496 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently bought and sold shares of BBAI. Sovereign Financial Group Inc. acquired a new stake in shares of BigBear.ai in the third quarter valued at approximately $36,000. Cape Investment Advisory Inc. bought a new stake in BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter valued at $44,000. Retirement Income Solutions Inc bought a new position in BigBear.ai during the fourth quarter worth $47,000. Finally, Bay Rivers Group acquired a new position in shares of BigBear.ai in the fourth quarter valued at $48,000. 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.