BigBear.ai (NYSE:BBAI) Receives "Overweight" Rating from Cantor Fitzgerald

BigBear.ai (NYSE:BBAI - Get Free Report)'s stock had its "overweight" rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued to investors on Wednesday, Benzinga reports. They currently have a $3.50 price target on the stock. Cantor Fitzgerald's price objective would indicate a potential upside of 120.13% from the stock's previous close.

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $3.00 target price on shares of BigBear.ai in a research report on Wednesday.

BigBear.ai Stock Down 9.7 %

Shares of NYSE:BBAI traded down $0.17 during trading on Wednesday, reaching $1.59. 8,025,630 shares of the stock traded hands, compared to its average volume of 6,573,498. The stock has a market cap of $397.61 million, a P/E ratio of -1.88 and a beta of 3.46. BigBear.ai has a 52-week low of $1.17 and a 52-week high of $4.80. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a 50-day moving average of $1.58 and a two-hundred day moving average of $1.51.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to analysts' expectations of $45.04 million. BigBear.ai had a negative return on equity of 295.34% and a negative net margin of 104.53%. BigBear.ai's revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. As a group, sell-side analysts expect that BigBear.ai will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company's stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the completion of the sale, the director now owns 143,713,297 shares in the company, valued at $255,809,668.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.40% of the company's stock.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD purchased a new stake in BigBear.ai in the 1st quarter worth $31,000. Baader Bank Aktiengesellschaft bought a new position in shares of BigBear.ai during the second quarter worth $32,000. Keynote Financial Services LLC purchased a new position in BigBear.ai during the first quarter valued at $45,000. Sovereign Financial Group Inc. bought a new stake in BigBear.ai in the 3rd quarter valued at $36,000. Finally, American International Group Inc. lifted its stake in BigBear.ai by 75.4% in the 1st quarter. American International Group Inc. now owns 25,539 shares of the company's stock worth $52,000 after purchasing an additional 10,982 shares in 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.