BigBear.ai (NYSE:BBAI) Trading 7.5% Higher – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was up 7.5% during trading on Tuesday . The stock traded as high as $5.83 and last traded at $5.9850. Approximately 38,926,901 shares changed hands during trading, a decline of 59% from the average daily volume of 95,099,633 shares. The stock had previously closed at $5.57.

Analyst Ratings Changes

Several equities analysts recently weighed in on BBAI shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday. Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.33.

BigBear.ai Price Performance

The firm has a market cap of $2.68 billion, a P/E ratio of -4.30 and a beta of 3.42. The business’s fifty day simple moving average is $6.69 and its 200-day simple moving average is $5.81. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative net margin of 274.70% and a negative return on equity of 26.11%. The company had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was down 20.1% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In related news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the sale, the chief financial officer owned 296,345 shares of the company’s stock, valued at approximately $1,585,445.75. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBAI. Teacher Retirement System of Texas purchased a new position in BigBear.ai in the 1st quarter worth approximately $79,000. Bank of New York Mellon Corp lifted its stake in BigBear.ai by 24.9% during the first quarter. Bank of New York Mellon Corp now owns 283,718 shares of the company’s stock worth $811,000 after purchasing an additional 56,558 shares during the last quarter. Arizona State Retirement System purchased a new position in shares of BigBear.ai in the 1st quarter worth about $155,000. New York State Common Retirement Fund increased its position in shares of BigBear.ai by 1,024.0% during the 1st quarter. New York State Common Retirement Fund now owns 31,832 shares of the company’s stock valued at $91,000 after purchasing an additional 29,000 shares during the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of BigBear.ai by 146.6% during the 1st quarter. Apollon Wealth Management LLC now owns 35,750 shares of the company’s stock valued at $102,000 after buying an additional 21,250 shares in the last quarter. 7.55% of the stock is currently 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.