BigBear.ai (NYSE:BBAI) Upgraded at 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 note issued on Tuesday, 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. “

Other research analysts have also recently issued research reports about the stock. William Blair started coverage on shares of BigBear.ai in a report on Wednesday, February 9th. They issued a “market perform” rating for the company. Oppenheimer started coverage on shares of BigBear.ai in a research report on Monday, March 28th. They issued an “outperform” rating and a $10.00 target price on the stock.

Shares of BigBear.ai stock traded down $4.01 during trading on Tuesday, hitting $6.11. 857,014 shares of the company’s stock were exchanged, compared to its average volume of 606,792. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.19 and a quick ratio of 3.19. The firm’s 50-day simple moving average is $9.37. BigBear.ai has a 52-week low of $4.45 and a 52-week high of $16.12.

BigBear.ai (NYSE:BBAIGet Rating) last issued its earnings results on Thursday, March 17th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.68). The company had revenue of $33.48 million for the quarter, compared to analysts’ expectations of $42.23 million. As a group, equities analysts expect that BigBear.ai will post -0.33 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC acquired a new position in BigBear.ai in the 4th quarter valued at about $44,000. Wolverine Asset Management LLC purchased a new stake in shares of BigBear.ai in the 4th quarter valued at approximately $59,000. Goldman Sachs Group Inc. purchased a new stake in shares of BigBear.ai in the 1st quarter valued at approximately $142,000. Gillson Capital LP purchased a new stake in shares of BigBear.ai in the 4th quarter valued at approximately $243,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of BigBear.ai in the 4th quarter valued at approximately $434,000. Institutional investors and hedge funds own 48.42% of the company’s stock.

BigBear.ai Company Profile (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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