BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 6.5% during mid-day trading on Friday . The stock traded as high as $2.31 and last traded at $2.29. 3,914,630 shares were traded during trading, a decline of 44% from the average session volume of 6,931,219 shares. The stock had previously closed at $2.15.
Wall Street Analyst Weigh In
A number of brokerages have commented on BBAI. HC Wainwright reiterated a "buy" rating and issued a $3.00 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.
Get Our Latest Stock Report on BBAI
BigBear.ai Price Performance
The business has a fifty day moving average of $1.74 and a two-hundred day moving average of $1.56. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The firm has a market capitalization of $573.85 million, a price-to-earnings ratio of -2.52 and a beta of 3.46.
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 firm had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company's quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. As a group, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Insider Buying and Selling at BigBear.ai
In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 143,713,297 shares of the company's stock, valued at $255,809,668.66. This represents a 0.40 % decrease in their position. 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 Investors Weigh In On BigBear.ai
Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC grew its position in BigBear.ai by 28.6% during the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after buying an additional 479,401 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BigBear.ai by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company's stock valued at $4,228,000 after acquiring an additional 168,076 shares during the period. State Street Corp grew its holdings in shares of BigBear.ai by 16.8% during the 3rd quarter. State Street Corp now owns 1,864,815 shares of the company's stock worth $2,723,000 after purchasing an additional 267,673 shares in the last quarter. Bank of Montreal Can increased its position in shares of BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company's stock worth $1,006,000 after purchasing an additional 643,570 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in BigBear.ai by 160.5% in the second quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company's stock valued at $465,000 after purchasing an additional 189,593 shares in the last quarter. Institutional investors own 7.55% of the company's stock.
BigBear.ai Company Profile
(
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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.
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