BigBear.ai (NYSE:BBAI) Trading 11.3% Higher – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price rose 11.3% during trading on Monday . The company traded as high as $5.97 and last traded at $6.0120. Approximately 12,131,461 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 95,019,234 shares. The stock had previously closed at $5.40.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $7.00 price objective on shares of BigBear.ai in a research report on Tuesday, November 11th. HC Wainwright reissued a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.33.

BigBear.ai Price Performance

The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.68 billion, a P/E ratio of -4.33 and a beta of 3.42. The firm has a 50 day moving average price of $6.76 and a 200 day moving average price of $5.88.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The company had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. During the same quarter last year, the firm posted ($0.05) earnings per share. The company’s revenue was down 20.1% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. On average, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total value of $64,082.30. Following the completion of the transaction, the chief financial officer owned 296,345 shares of the company’s stock, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the completion of the transaction, the director owned 236,150 shares in the company, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,980 shares of company stock worth $197,853. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of the stock. Flaharty Asset Management LLC purchased a new position in BigBear.ai during the first quarter valued at $26,000. CWM LLC grew its position in shares of BigBear.ai by 237.5% during the third quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after purchasing an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of BigBear.ai by 3,355.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock worth $32,000 after purchasing an additional 4,832 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of BigBear.ai in the first quarter worth about $34,000. Finally, Foundations Investment Advisors LLC bought a new position in BigBear.ai during the first quarter valued at approximately $37,000. 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.