BigBear.ai (NYSE:BBAI) Shares Gap Up – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $2.98, but opened at $3.17. BigBear.ai shares last traded at $3.17, with a volume of 4,174,028 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BBAI shares. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright raised their price objective on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, December 30th.

BigBear.ai Stock Up 8.7 %

The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06. The company’s 50-day simple moving average is $2.89 and its 200 day simple moving average is $2.00. The firm has a market cap of $811.90 million, a P/E ratio of -3.56 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping 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 firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. Research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Amanda Long sold 66,140 shares of BigBear.ai stock in a transaction on Monday, January 6th. The stock was sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 276,215 shares of company stock valued at $1,165,261 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently bought and sold shares of BBAI. Sovereign Financial Group Inc. acquired a new position in BigBear.ai in the 3rd quarter worth approximately $36,000. XTX Topco Ltd acquired a new position in BigBear.ai during the second quarter valued at $58,000. Intech Investment Management LLC purchased a new stake in BigBear.ai in the third quarter valued at $61,000. The Manufacturers Life Insurance Company grew its position in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new position in shares of BigBear.ai in the 3rd quarter valued at about $131,000. 7.55% of the stock is currently 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.