BigBear.ai (NYSE:BBAI) Shares Gap Up - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $3.68, but opened at $3.82. BigBear.ai shares last traded at $3.78, with a volume of 3,648,876 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the company a "buy" rating in a research note on Monday, December 30th.

BigBear.ai Stock Performance

The company has a market cap of $1.04 billion, a price-to-earnings ratio of -4.54 and a beta of 3.21. 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 stock has a 50 day moving average price of $3.39 and a two-hundred day moving average price of $2.20.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm's revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 EPS. Analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sean Bernard Battle sold 44,813 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the transaction, the director now owns 137,838 shares of the company's stock, valued at approximately $614,757.48. This trade represents a 24.53 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 310,953 shares of company stock valued at $1,347,496. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. bought a new position in BigBear.ai during the third quarter worth about $36,000. Simon Quick Advisors LLC bought a new stake in shares of BigBear.ai during the fourth quarter worth approximately $44,000. Bay Rivers Group bought a new stake in shares of BigBear.ai in the fourth quarter valued at approximately $48,000. XTX Topco Ltd bought a new stake in shares of BigBear.ai in the second quarter valued at approximately $58,000. Finally, Intech Investment Management LLC bought a new stake in shares of BigBear.ai in the third quarter valued at approximately $61,000. Institutional investors 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.