HC Wainwright Reaffirms "Buy" Rating for BigBear.ai (NYSE:BBAI)

HC Wainwright reiterated their buy rating on shares of BigBear.ai (NYSE:BBAI - Free Report) in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a $3.00 price objective on the stock.

Separately, Cantor Fitzgerald reissued an "overweight" rating and set a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, August 21st.

BigBear.ai Stock Performance

Shares of NYSE:BBAI traded down $0.17 during midday trading on Wednesday, hitting $1.59. The company had a trading volume of 6,889,865 shares, compared to its average volume of 6,568,087. The company has a market cap of $397.61 million, a price-to-earnings ratio of -1.88 and a beta of 3.46. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.10 and a quick ratio of 2.10. The company has a fifty day moving average of $1.58 and a two-hundred day moving average of $1.51. BigBear.ai has a 12-month low of $1.17 and a 12-month high of $4.80.

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 analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $41.51 million for the quarter, compared to analysts' expectations of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. BigBear.ai's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.03 EPS. On average, equities research analysts expect that BigBear.ai will post -0.32 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the completion of the transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD purchased a new stake in BigBear.ai during the 1st quarter worth approximately $31,000. Baader Bank Aktiengesellschaft acquired a new stake in BigBear.ai during the 2nd quarter worth $32,000. Sovereign Financial Group Inc. acquired a new stake in BigBear.ai in the 3rd quarter valued at about $36,000. Keynote Financial Services LLC acquired a new position in shares of BigBear.ai during the 1st quarter valued at about $45,000. Finally, American International Group Inc. increased its holdings in BigBear.ai by 75.4% in the 1st quarter. American International Group Inc. now owns 25,539 shares of the company's stock valued at $52,000 after purchasing an additional 10,982 shares during the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

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.