BigBear.ai (NYSE:BBAI) Stock Price Up 1.3% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was up 1.3% on Friday . The stock traded as high as $4.40 and last traded at $4.21. Approximately 16,547,621 shares were traded during trading, a decline of 52% from the average daily volume of 34,569,797 shares. The stock had previously closed at $4.15.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. HC Wainwright increased their price target on BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 5.3 %

The stock has a market capitalization of $985.32 million, a P/E ratio of -4.32 and a beta of 3.21. The stock’s fifty day moving average is $3.04 and its two-hundred day moving average is $2.06. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick 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 (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The company had revenue of $41.51 million for 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 company’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.03 EPS. As a group, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, CEO Amanda Long sold 200,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the completion of the sale, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. The trade was a 7.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sovereign Financial Group Inc. acquired a new position in shares of BigBear.ai during the third quarter valued at about $36,000. Simon Quick Advisors LLC acquired a new stake in shares of BigBear.ai during the 4th quarter valued at about $44,000. XTX Topco Ltd acquired a new position in BigBear.ai in the second quarter worth about $58,000. Intech Investment Management LLC bought a new position in BigBear.ai during the third quarter worth about $61,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

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.