BigBear.ai (NYSE:BBAI) Stock Price Up 2.2% – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 2.2% on Friday . The company traded as high as $8.28 and last traded at $7.73. Approximately 201,359,253 shares changed hands during trading, an increase of 306% from the average daily volume of 49,656,135 shares. The stock had previously closed at $7.56.

Analysts Set New Price Targets

Separately, HC Wainwright boosted their target price on shares of BigBear.ai from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, July 1st.

BigBear.ai Trading Up 2.2%

The firm has a market cap of $2.25 billion, a price-to-earnings ratio of -9.90 and a beta of 3.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s fifty day moving average is $4.22 and its 200-day moving average is $4.24.

BigBear.ai (NYSE:BBAI) last released its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The firm had revenue of $34.76 million during the quarter, compared to analyst estimates of $36.26 million. During the same quarter in the previous year, the firm earned ($0.67) EPS. BigBear.ai’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In other news, CAO Sean Raymond Ricker sold 14,063 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total transaction of $42,892.15. Following the completion of the sale, the chief accounting officer directly owned 270,061 shares of the company’s stock, valued at $823,686.05. The trade was a 4.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dorothy D. Hayes sold 26,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $3.60, for a total transaction of $93,600.00. Following the sale, the director directly owned 255,239 shares of the company’s stock, valued at approximately $918,860.40. The trade was a 9.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 165,987 shares of company stock valued at $614,608 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company’s stock worth $94,000 after purchasing an additional 1,629 shares in the last quarter. Victory Capital Management Inc. grew its position in BigBear.ai by 19.0% in the 4th quarter. Victory Capital Management Inc. now owns 14,576 shares of the company’s stock worth $65,000 after purchasing an additional 2,332 shares in the last quarter. Deutsche Bank AG boosted its stake in BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company’s stock valued at $245,000 after acquiring an additional 2,427 shares during the last quarter. Wells Fargo & Company MN boosted its stake in BigBear.ai by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 78,458 shares of the company’s stock valued at $349,000 after acquiring an additional 3,797 shares during the last quarter. Finally, Choreo LLC boosted its stake in BigBear.ai by 25.3% in the first quarter. Choreo LLC now owns 18,817 shares of the company’s stock valued at $54,000 after acquiring an additional 3,802 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

About BigBear.ai

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.