BigBear.ai (NYSE:BBAI) Sets New 12-Month High After Analyst Upgrade

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) reached a new 52-week high during trading on Tuesday after HC Wainwright raised their price target on the stock from $3.00 to $7.00. HC Wainwright currently has a buy rating on the stock. BigBear.ai traded as high as $5.08 and last traded at $4.81, with a volume of 75632242 shares trading hands. The stock had previously closed at $4.21.

Separately, Cantor Fitzgerald reissued an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now owns 2,583,254 shares in the company, valued at $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now directly owns 143,713,297 shares of the company's stock, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 782,892 shares of company stock worth $1,887,246. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in BigBear.ai by 28.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. State Street Corp grew its position in BigBear.ai by 16.8% during the third quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after buying an additional 267,673 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of BigBear.ai by 6,435.7% during the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after purchasing an additional 643,570 shares in the last quarter. Bank of New York Mellon Corp lifted its position in BigBear.ai by 160.5% during the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock worth $465,000 after purchasing an additional 189,593 shares during the period. Finally, Barclays PLC increased its stake in BigBear.ai by 310.3% in the third quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after acquiring an additional 107,214 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Stock Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The company has a market cap of $1.12 billion, a P/E ratio of -4.89 and a beta of 3.58. The company has a 50 day moving average price of $2.44 and a 200-day moving average price of $1.82.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. During the same quarter in the prior year, the business earned $0.03 earnings per share. The business's revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share 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.