BigBear.ai (NYSE:BBAI) Shares Up 18.1% - Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded up 18.1% during mid-day trading on Tuesday . The company traded as high as $5.07 and last traded at $5.00. 35,697,069 shares changed hands during mid-day trading, an increase of 6% from the average session volume of 33,672,082 shares. The stock had previously closed at $4.23.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BBAI. Cantor Fitzgerald restated an "overweight" rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright raised their price objective on 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 Up 45.4 %

The stock has a fifty day simple moving average of $3.56 and a two-hundred day simple moving average of $2.28. 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 firm has a market cap of $1.80 billion, a PE ratio of -7.84 and a beta of 3.17.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted 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. The business had revenue of $41.51 million during 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 firm's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other BigBear.ai news, Director Sean Bernard Battle sold 44,813 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total transaction of $199,865.98. Following the completion of the sale, the director now owns 137,838 shares of the company's stock, valued at approximately $614,757.48. The trade was a 24.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Amanda Long sold 66,140 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 2,445,449 shares of the company's stock, valued at approximately $11,004,520.50. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 310,953 shares of company stock worth $1,347,496 in the last quarter. 1.40% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

Hedge funds have recently modified their holdings of the company. Cape Investment Advisory Inc. bought a new position in BigBear.ai in the 4th quarter valued at $40,000. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai during the fourth quarter valued at $44,000. Retirement Income Solutions Inc purchased a new stake in shares of BigBear.ai in the 4th quarter worth approximately $47,000. Bay Rivers Group purchased a new stake in shares of BigBear.ai during the 4th quarter worth $48,000. Finally, Apollon Wealth Management LLC bought a new position in shares of BigBear.ai during the 4th quarter worth approximately $65,000. 7.55% of the stock is owned by hedge funds and other 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.