BigBear.ai (NYSE:BBAI) Price Target Raised to $9.00 at HC Wainwright

BigBear.ai (NYSE:BBAI) had its price objective hoisted by HC Wainwright from $6.00 to $9.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently issued reports on BBAI. Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. 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 report on Friday, March 7th. Finally, Northland Capmk cut shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a report on Friday, March 7th.

BigBear.ai Trading Down 1.5%

BigBear.ai stock opened at $6.69 on Tuesday. The company’s fifty day simple moving average is $3.94 and its 200-day simple moving average is $4.15. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.55. BigBear.ai has a 12 month low of $1.17 and a 12 month high of $10.36. The stock has a market cap of $1.95 billion, a P/E ratio of -8.58 and a beta of 3.46.

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

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the company’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer directly owned 634,153 shares in the company, valued at $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dorothy D. Hayes sold 26,000 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director owned 255,239 shares of the company’s stock, valued at $918,860.40. This trade represents a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 165,987 shares of company stock worth $614,608 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the company. Flaharty Asset Management LLC bought a new stake in BigBear.ai during the first quarter valued at about $26,000. City State Bank acquired a new position in shares of BigBear.ai during the first quarter valued at about $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai during the first quarter valued at about $29,000. Captrust Financial Advisors acquired a new position in shares of BigBear.ai during the fourth quarter valued at about $45,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of BigBear.ai by 2,216.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock valued at $33,000 after buying an additional 11,080 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors.

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.