HC Wainwright reissued their buy rating on shares of BigBear.ai (NYSE:BBAI - Free Report) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $3.00 price target on the stock.
Separately, Cantor Fitzgerald reaffirmed an overweight rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, August 21st.
Check Out Our Latest Stock Analysis on BBAI
BigBear.ai Stock Down 8.1 %
NYSE:BBAI traded down $0.16 during trading hours on Tuesday, hitting $1.76. 8,888,878 shares of the stock traded hands, compared to its average volume of 6,760,838. The firm has a 50 day moving average price of $1.49 and a 200 day moving average price of $1.52. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. BigBear.ai has a fifty-two week low of $1.16 and a fifty-two week high of $4.80. The firm has a market cap of $431.86 million, a price-to-earnings ratio of -1.93 and a beta of 3.48.
BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The business had revenue of $39.78 million for the quarter, compared to the consensus estimate of $46.55 million. During the same period in the prior year, the business posted ($0.12) earnings per share. BigBear.ai's revenue for the quarter was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that BigBear.ai will post -0.32 earnings per share for the current year.
Hedge Funds Weigh In On BigBear.ai
A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in 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 in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in BigBear.ai in the first quarter worth $31,000. Vanguard Group Inc. boosted its holdings in BigBear.ai by 8.9% in the first quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company's stock worth $4,228,000 after purchasing an additional 168,076 shares in the last quarter. Hartline Investment Corp bought a new stake in BigBear.ai in the first quarter worth $39,000. Finally, SG Americas Securities LLC bought a new stake in BigBear.ai in the first quarter worth $287,000. 7.55% of the stock is owned by institutional investors and hedge funds.
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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