BigBear.ai’s (BBAI) “Buy” Rating Reaffirmed at HC Wainwright

BigBear.ai (NYSE:BBAI)‘s stock had its “buy” rating restated by stock analysts at HC Wainwright in a research report issued on Friday, Benzinga reports. They currently have a $5.00 price target on the stock. HC Wainwright’s price objective would indicate a potential upside of 235.57% from the stock’s current price.

Separately, Cantor Fitzgerald restated an “overweight” rating and set a $3.00 price objective on shares of BigBear.ai in a research report on Monday, March 4th.

BigBear.ai Trading Down 13.9 %

BigBear.ai stock opened at $1.49 on Friday. BigBear.ai has a 12 month low of $1.16 and a 12 month high of $4.80. The stock has a fifty day simple moving average of $2.21 and a two-hundred day simple moving average of $1.92. The firm has a market cap of $366.66 million, a price-to-earnings ratio of -1.65 and a beta of 3.73.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). The company had revenue of $40.56 million during the quarter, compared to the consensus estimate of $42.75 million. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned ($0.23) EPS. On average, equities research analysts forecast that BigBear.ai will post -0.21 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the completion of the sale, the director now directly owns 159,186,896 shares in the company, valued at approximately $428,212,750.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the completion of the sale, the director now owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Raluca Dinu sold 26,076 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $2.51, for a total value of $65,450.76. Following the completion of the sale, the director now owns 747,298 shares of the company’s stock, valued at $1,875,717.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,838,420 shares of company stock valued at $15,635,973. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of BigBear.ai during the 4th quarter valued at approximately $26,000. Avondale Wealth Management bought a new position in shares of BigBear.ai in the first quarter worth approximately $33,000. Hartline Investment Corp bought a new position in shares of BigBear.ai in the first quarter worth approximately $39,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of BigBear.ai by 64.0% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,492 shares of the company’s stock worth $42,000 after purchasing an additional 7,607 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of BigBear.ai during the 3rd quarter valued at $48,000. Institutional investors own 7.55% of the company’s stock.

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.