BigBear.ai (NYSE:BBAI) Stock Price Up 10.9% - Here's Why

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded up 10.9% during mid-day trading on Thursday . The stock traded as high as $3.95 and last traded at $3.76. 29,205,881 shares were traded during trading, a decline of 13% from the average session volume of 33,596,965 shares. The stock had previously closed at $3.39.

Analyst Ratings Changes

BBAI has been the subject of a number of research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright lifted their price target on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a research report on Monday, December 30th.

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 $1.03 billion, a price-to-earnings ratio of -4.54 and a beta of 3.21. The stock has a 50 day moving average price of $2.95 and a two-hundred day moving average price of $2.02.

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

Insider Buying and Selling

In related news, CEO Amanda Long sold 66,140 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total transaction of $297,630.00. Following the sale, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently modified their holdings of the business. Sovereign Financial Group Inc. bought a new stake in BigBear.ai during the 3rd quarter worth approximately $36,000. XTX Topco Ltd bought a new stake in shares of BigBear.ai during the second quarter worth $58,000. Intech Investment Management LLC acquired a new stake in shares of BigBear.ai during the third quarter worth $61,000. The Manufacturers Life Insurance Company lifted its position in BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company's stock valued at $62,000 after acquiring an additional 23,597 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new position in BigBear.ai in the 3rd quarter worth $131,000. 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.