BigBear.ai (NYSE:BBAI) Upgraded to Hold by Zacks Investment Research

BigBear.ai (NYSE:BBAIGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “BigBear.ai is a provider of artificial intelligence, machine learning, cloud-based big data analytics, and cyber engineering solutions. BigBear.ai, formerly known as GigCapital4 Inc., is based in COLUMBIA, Md. “

Several other analysts have also commented on BBAI. William Blair assumed coverage on BigBear.ai in a report on Wednesday, February 9th. They set a “market perform” rating on the stock. Oppenheimer began coverage on BigBear.ai in a report on Monday, March 28th. They issued an “outperform” rating and a $10.00 price objective on the stock.

Shares of BBAI stock traded up $1.61 during mid-day trading on Wednesday, reaching $9.21. The stock had a trading volume of 944,361 shares, compared to its average volume of 603,259. The business has a fifty day moving average of $9.28. The company has a debt-to-equity ratio of 3.81, a quick ratio of 3.19 and a current ratio of 3.19. BigBear.ai has a 1-year low of $4.45 and a 1-year high of $16.12.

BigBear.ai (NYSE:BBAIGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.68). The firm had revenue of $33.48 million during the quarter, compared to analyst estimates of $42.23 million. Sell-side analysts forecast that BigBear.ai will post -0.33 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glazer Capital LLC purchased a new position in shares of BigBear.ai in the fourth quarter valued at approximately $39,142,000. Invesco Ltd. purchased a new position in shares of BigBear.ai in the first quarter valued at approximately $2,953,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of BigBear.ai in the fourth quarter valued at approximately $434,000. Gillson Capital LP purchased a new position in BigBear.ai during the fourth quarter worth approximately $243,000. Finally, Goldman Sachs Group Inc. purchased a new position in BigBear.ai during the first quarter worth approximately $142,000. Institutional investors and hedge funds own 48.42% of the company’s stock.

About BigBear.ai (Get Rating)

BigBear.ai Holdings, Inc provides decision support analytics solutions for the defense, intelligence, federal civilian, manufacturing, supply chain, logistics, and commercial markets. Its solutions enable customers to catalog, curate, manage, automate, and visualize data feeds that can be leveraged to inform decision-making and create decision advantages in various operational environments.

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