BigBear.ai (NYSE:BBAI) Shares Gap Up - Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $2.52, but opened at $2.60. BigBear.ai shares last traded at $2.91, with a volume of 14,976,370 shares trading hands.

Analysts Set New Price Targets

BBAI has been the subject of several research reports. HC Wainwright reaffirmed a "buy" rating and issued a $3.00 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. Cantor Fitzgerald restated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Up 18.7 %

The company's 50 day moving average price is $2.02 and its 200 day moving average price is $1.65. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $749.25 million, a price-to-earnings ratio of -3.32 and a beta of 3.58.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same quarter in the prior year, the company earned $0.03 EPS. BigBear.ai's quarterly revenue was up 22.1% on a year-over-year basis. As a group, research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now directly owns 143,713,297 shares of the company's stock, valued at $255,809,668.66. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new stake in shares of BigBear.ai during the first quarter worth $31,000. Sovereign Financial Group Inc. acquired a new stake in shares of BigBear.ai during the third quarter valued at about $36,000. XTX Topco Ltd purchased a new stake in BigBear.ai in the second quarter valued at approximately $58,000. The Manufacturers Life Insurance Company lifted its stake in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock worth $62,000 after acquiring an additional 23,597 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth about $61,000. Hedge funds and other 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.