BigBear.ai (NYSE:BBAI) Shares Gap Up After Analyst Upgrade

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares gapped up before the market opened on Tuesday after HC Wainwright raised their price target on the stock from $6.00 to $9.00. The stock had previously closed at $6.79, but opened at $7.15. HC Wainwright currently has a buy rating on the stock. BigBear.ai shares last traded at $6.58, with a volume of 59,007,052 shares.

Several other equities research analysts also recently issued reports on BBAI. Cantor Fitzgerald decreased their price objective on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Northland Capmk cut shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and raised their target price for the company from $2.50 to $4.00 in a research note on Friday, March 7th.

Insider Buying and Selling

In related news, Director Dorothy D. Hayes sold 26,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the completion of the sale, the director directly owned 255,239 shares in the company, valued at approximately $918,860.40. This trade represents a 9.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sean Raymond Ricker sold 14,063 shares of BigBear.ai stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the sale, the chief accounting officer owned 270,061 shares of the company’s stock, valued at $823,686.05. This trade represents a 4.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,987 shares of company stock worth $614,608. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently bought and sold shares of the stock. Flaharty Asset Management LLC acquired a new stake in shares of BigBear.ai in the 1st quarter valued at $26,000. City State Bank bought a new stake in BigBear.ai during the 1st quarter worth approximately $29,000. Cornerstone Wealth Management LLC bought a new stake in BigBear.ai during the 1st quarter worth approximately $29,000. Captrust Financial Advisors bought a new stake in BigBear.ai during the 4th quarter worth approximately $45,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in BigBear.ai by 2,216.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock worth $33,000 after acquiring an additional 11,080 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Trading Up 13.7%

The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -9.69 and a beta of 3.46. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.66 and a current ratio of 1.66. The business has a 50-day simple moving average of $4.04 and a two-hundred day simple moving average of $4.17.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 57.83% and a negative net margin of 121.31%. The company had revenue of $34.76 million during the quarter, compared to the consensus estimate of $36.26 million. During the same quarter in the previous year, the business posted ($0.67) EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

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.