BigBear.ai (NYSE:BBAI) Shares Up 4.7% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shot up 4.7% on Friday . The company traded as high as $4.03 and last traded at $3.95. 27,320,294 shares traded hands during trading, a decline of 22% from the average session volume of 35,073,918 shares. The stock had previously closed at $3.77.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BBAI. HC Wainwright lowered their price target on BigBear.ai from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 7th. Cantor Fitzgerald decreased their target price on BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. Northland Capmk lowered BigBear.ai from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Northland Securities lowered BigBear.ai from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $2.50 to $4.00 in a research note on Friday, March 7th.

BigBear.ai Trading Up 1.9%

The company has a 50 day moving average of $3.31 and a 200-day moving average of $3.91. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -4.22 and a beta of 3.29.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same period in the previous year, the company posted ($0.67) EPS. BigBear.ai’s revenue was up 4.9% on a year-over-year basis. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the sale, the chief financial officer now owns 634,153 shares of the company’s stock, valued at $2,790,273.20. This trade represents a 7.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Sean Raymond Ricker sold 10,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $3.33, for a total value of $33,300.00. Following the completion of the sale, the chief accounting officer now directly owns 293,639 shares in the company, valued at $977,817.87. This represents a 3.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,219 shares of company stock valued at $752,605 in the last quarter. Corporate 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 stock. Oppenheimer & Co. Inc. acquired a new stake in BigBear.ai in the 4th quarter valued at about $325,000. Charles Schwab Investment Management Inc. increased its holdings in shares of BigBear.ai by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company’s stock valued at $1,329,000 after acquiring an additional 8,879 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of BigBear.ai by 198.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company’s stock valued at $415,000 after acquiring an additional 61,998 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of BigBear.ai by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,790,608 shares of the company’s stock valued at $25,768,000 after acquiring an additional 23,994 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company’s stock valued at $228,000 after acquiring an additional 5,591 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.