HC Wainwright Reiterates Buy Rating for BigBear.ai (NYSE:BBAI)

HC Wainwright restated their buy rating on shares of BigBear.ai (NYSE:BBAI) in a report published on Friday, Benzinga reports. They currently have a $5.00 price target on the stock.

Separately, Cantor Fitzgerald restated an overweight rating and set a $3.00 target price on shares of BigBear.ai in a research note on Monday, March 4th.

BigBear.ai Trading Down 13.9 %

Shares of BBAI opened at $1.49 on Friday. The firm has a market capitalization of $366.66 million, a price-to-earnings ratio of -1.66 and a beta of 3.73. The firm’s fifty day simple moving average is $2.21 and its 200-day simple moving average is $1.92. BigBear.ai has a twelve month low of $1.16 and a twelve month high of $4.80.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The business had revenue of $40.56 million during the quarter, compared to the consensus estimate of $42.75 million. BigBear.ai’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.23) EPS. On average, analysts predict that BigBear.ai will post -0.21 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, CAO Sean Raymond Ricker sold 36,250 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $2.07, for a total value of $75,037.50. Following the completion of the sale, the chief accounting officer now directly owns 99,428 shares of the company’s stock, valued at approximately $205,815.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CAO Sean Raymond Ricker sold 36,250 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $2.07, for a total value of $75,037.50. Following the completion of the sale, the chief accounting officer now owns 99,428 shares in the company, valued at approximately $205,815.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dorothy D. Hayes sold 12,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $2.43, for a total transaction of $29,160.00. Following the sale, the director now owns 209,401 shares of the company’s stock, valued at approximately $508,844.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,838,420 shares of company stock worth $15,635,973. Corporate insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAI. Raymond James & Associates lifted its position in BigBear.ai by 130.4% during the 3rd quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock worth $1,131,000 after acquiring an additional 423,893 shares during the period. Aristides Capital LLC acquired a new stake in shares of BigBear.ai during the fourth quarter worth $308,000. Fortis Group Advisors LLC purchased a new position in BigBear.ai in the 1st quarter valued at $108,000. Vontobel Holding Ltd. increased its stake in BigBear.ai by 22.2% in the 4th quarter. Vontobel Holding Ltd. now owns 44,000 shares of the company’s stock valued at $94,000 after buying an additional 8,000 shares during the period. Finally, Powell Investment Advisors LLC raised its position in BigBear.ai by 94.3% during the 4th quarter. Powell Investment Advisors LLC now owns 35,020 shares of the company’s stock worth $75,000 after buying an additional 17,000 shares during the last quarter. Hedge funds and other institutional investors 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.