BigBear.ai (NYSE:BBAI) Shares Up 6% - Should You Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 6% on Tuesday . The stock traded as high as $3.31 and last traded at $3.16. 10,422,412 shares traded hands during trading, a decline of 69% from the average session volume of 33,793,523 shares. The stock had previously closed at $2.98.

Analyst Ratings Changes

Several brokerages have issued reports on BBAI. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, December 30th. 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 Performance

The stock's 50 day moving average is $2.89 and its two-hundred day moving average is $2.00. The stock has a market capitalization of $796.86 million, a price-to-earnings ratio of -3.49 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.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings data 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 return on equity of 138.35% and a negative net margin of 109.90%. The company had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. During the same period in the prior year, the firm earned $0.03 earnings per share. BigBear.ai's revenue for the quarter was up 22.1% compared to the same quarter last year. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on 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 directly owns 2,583,254 shares of the company's stock, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 276,215 shares of company stock valued at $1,165,261 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in BBAI. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai in the 3rd quarter valued at about $36,000. XTX Topco Ltd acquired a new stake in shares of BigBear.ai in the second quarter valued at approximately $58,000. The Manufacturers Life Insurance Company boosted its stake in shares of 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 during the period. Intech Investment Management LLC bought a new position in shares of BigBear.ai during the 3rd quarter worth approximately $61,000. Finally, Koshinski Asset Management Inc. acquired a new position in shares of BigBear.ai during the 3rd quarter worth approximately $131,000. 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.