BigBear.ai (NYSE:BBAI) Trading 4.7% Higher – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price shot up 4.7% during mid-day trading on Wednesday . The stock traded as high as $4.50 and last traded at $4.3750. 59,465,771 shares were traded during mid-day trading, an increase of 22% from the average session volume of 48,672,707 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

Several brokerages have issued reports on BBAI. HC Wainwright lowered their price target on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. Cantor Fitzgerald lowered their price target on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, March 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a report on Monday, April 20th. Finally, Wall Street Zen raised shares of BigBear.ai from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BigBear.ai has an average rating of “Hold” and an average target price of $5.50.

BigBear.ai Trading Up 4.7%

The company’s fifty day moving average price is $3.80 and its two-hundred day moving average price is $4.85. The company has a current ratio of 6.08, a quick ratio of 6.08 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.10 billion, a P/E ratio of -5.03 and a beta of 3.25.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative net margin of 226.69% and a negative return on equity of 16.02%. The business had revenue of $27.30 million for the quarter, compared to analyst estimates of $33.31 million. During the same quarter in the prior year, the firm earned ($0.43) EPS. The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.2 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Pamela Joyce Braden sold 80,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the sale, the director owned 508,687 shares of the company’s stock, valued at approximately $2,034,748. This represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dorothy D. Hayes sold 15,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $4.11, for a total transaction of $61,650.00. Following the completion of the sale, the director directly owned 204,150 shares in the company, valued at approximately $839,056.50. The trade was a 6.84% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 105,000 shares of company stock valued at $424,950. 0.57% of the stock is owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently made changes to their positions in the company. Cantor Fitzgerald L. P. acquired a new position in BigBear.ai during the 3rd quarter worth about $1,756,000. M&T Bank Corp acquired a new position in BigBear.ai during the 4th quarter worth about $5,576,000. Vanguard Group Inc. lifted its position in BigBear.ai by 32.6% during the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after buying an additional 6,790,890 shares in the last quarter. UBS Group AG lifted its position in BigBear.ai by 145.7% during the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock worth $56,089,000 after buying an additional 6,158,665 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in BigBear.ai during the 4th quarter worth about $896,000. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.