BigBear.ai (NYSE:BBAI) Trading 9.1% Higher – Should You Buy?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 9.1% on Thursday . The stock traded as high as $2.29 and last traded at $2.28. Approximately 10,090,352 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 6,716,629 shares. The stock had previously closed at $2.09.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. HC Wainwright reiterated a “buy” rating and set 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 set a $3.50 price target on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 11.6 %

The firm has a 50 day moving average of $1.68 and a two-hundred day moving average of $1.54. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of hedge funds have recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $31,000. Baader Bank Aktiengesellschaft acquired a new position in shares of BigBear.ai in the 2nd quarter worth approximately $32,000. Sovereign Financial Group Inc. acquired a new position in shares of BigBear.ai in the 3rd quarter worth approximately $36,000. Keynote Financial Services LLC acquired a new position in shares of BigBear.ai in the 1st quarter worth approximately $45,000. Finally, American International Group Inc. increased its holdings in BigBear.ai by 75.4% during 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 in the last quarter. Institutional investors own 7.55% of the company’s stock.

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.