BigBear.ai (NYSE:BBAI) Stock Price Up 12.7% After Analyst Upgrade

BigBear.ai Holdings, Inc. (NYSE:BBAI) was up 12.7% during mid-day trading on Wednesday after HC Wainwright raised their price target on the stock from $6.00 to $9.00. HC Wainwright currently has a buy rating on the stock. BigBear.ai traded as high as $7.85 and last traded at $7.50. Approximately 120,151,092 shares changed hands during trading, an increase of 152% from the average daily volume of 47,744,327 shares. The stock had previously closed at $6.65.

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

Insider Activity

In related news, CAO Sean Raymond Ricker sold 14,063 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 directly owned 270,061 shares of the company’s stock, valued at approximately $823,686.05. This represents a 4.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $3.60, for a total value of $93,600.00. Following the sale, the director directly owned 255,239 shares of the company’s stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,987 shares of company stock valued at $614,608 in the last ninety days. 1.10% of the stock is owned by insiders.

Institutional Trading of BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. Rhumbline Advisers increased its stake in BigBear.ai by 41.6% during the 4th quarter. Rhumbline Advisers now owns 111,825 shares of the company’s stock worth $498,000 after purchasing an additional 32,829 shares in the last quarter. Private Advisor Group LLC increased its stake in BigBear.ai by 107.0% during the 4th quarter. Private Advisor Group LLC now owns 30,008 shares of the company’s stock worth $134,000 after purchasing an additional 15,508 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in BigBear.ai during the 4th quarter worth approximately $325,000. Jones Financial Companies Lllp increased its stake in BigBear.ai by 4,202.3% during the 4th quarter. Jones Financial Companies Lllp now owns 12,907 shares of the company’s stock worth $57,000 after purchasing an additional 12,607 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock worth $1,329,000 after purchasing an additional 8,879 shares in the last quarter. 7.55% of the stock is owned by institutional investors.

BigBear.ai Trading Up 2.2%

The business has a 50 day moving average of $4.13 and a 200-day moving average of $4.20. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.25 billion, a P/E ratio of -9.90 and a beta of 3.46.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). The business had revenue of $34.76 million for 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%. BigBear.ai’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.67) earnings per share. Analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal 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.