BigBear.ai (NYSE:BBAI) Trading 2.1% Higher - Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded up 2.1% during mid-day trading on Wednesday . The company traded as high as $2.85 and last traded at $2.72. 13,094,389 shares were traded during trading, a decline of 44% from the average session volume of 23,304,908 shares. The stock had previously closed at $2.66.

Analysts Set New Price Targets

BBAI has been the subject of several recent research reports. Northland Securities downgraded shares of BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $2.50 to $4.00 in a research report on Friday, March 7th. HC Wainwright decreased their price objective on BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a report on Friday, March 7th. Cantor Fitzgerald dropped their target price on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Northland Capmk downgraded BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th.

BigBear.ai Stock Down 0.9 %

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 capitalization of $813.55 million, a P/E ratio of -3.09 and a beta of 3.34. The stock's 50-day simple moving average is $4.80 and its 200-day simple moving average is $3.43.

Insider Activity

In related news, CAO Sean Raymond Ricker sold 36,166 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total value of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at approximately $814,205.50. The trade was a 13.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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Institutional Trading of BigBear.ai

Several hedge funds have recently added to or reduced their stakes in the stock. City State Bank purchased a new stake in shares of BigBear.ai during the 1st quarter worth approximately $29,000. Rhumbline Advisers grew its stake in shares of BigBear.ai by 18.1% during the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company's stock worth $378,000 after acquiring an additional 20,187 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in BigBear.ai in the 4th quarter worth about $89,000. TFG Asset Management GP Ltd bought a new stake in BigBear.ai in the 4th quarter valued at about $4,005,000. Finally, Soviero Asset Management LP purchased a new stake in BigBear.ai during the fourth quarter valued at about $3,248,000. Institutional investors own 7.55% of the company's stock.

BigBear.ai Company Profile

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.