BigBear.ai (NYSE:BBAI) Shares Gap Up – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAIGet Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $3.68, but opened at $3.82. BigBear.ai shares last traded at $3.78, with a volume of 3,648,876 shares traded.

Wall Street Analysts Forecast Growth

BBAI has been the topic of several analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright upped their target price on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, December 30th.

View Our Latest Analysis on BigBear.ai

BigBear.ai Stock Down 3.1 %

The firm has a market cap of $896.78 million, a price-to-earnings ratio of -3.92 and a beta of 3.21. 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 $3.32 and a 200-day moving average of $2.17.

BigBear.ai (NYSE:BBAIGet Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share (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 the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. Sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In related news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $4.46, for a total value of $199,865.98. Following the sale, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Amanda Long sold 200,000 shares of BigBear.ai stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now directly owns 2,583,254 shares in the company, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently made changes to their positions in the stock. Simon Quick Advisors LLC acquired a new stake in BigBear.ai during the 4th quarter valued at approximately $44,000. Bay Rivers Group bought a new position in BigBear.ai during the fourth quarter worth $48,000. Choreo LLC acquired a new position in BigBear.ai in the fourth quarter valued at $67,000. Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the third quarter valued at $36,000. Finally, XTX Topco Ltd bought a new stake in BigBear.ai during the second quarter valued at $58,000. 7.55% of the stock is currently owned by institutional investors.

About BigBear.ai

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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.

Further Reading

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