BigBear.ai (NYSE:BBAI) Shares Climb 7% – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price rose 7% during mid-day trading on Thursday. The company traded as high as $2.80 and last traded at $2.8350. 11,214,252 shares changed hands during trading, a decline of 70% from the average session volume of 37,964,730 shares. The stock had previously closed at $2.65.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Cantor Fitzgerald decreased their target price on BigBear.ai from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BigBear.ai presently has an average rating of “Hold” and an average target price of $5.00.

BigBear.ai Price Performance

The firm has a market capitalization of $1.34 billion, a P/E ratio of -13.34 and a beta of 3.35. The stock’s 50 day simple moving average is $2.97 and its 200 day simple moving average is $3.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.67 and a current ratio of 5.67.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $36.75 million during the quarter, compared to analyst estimates of $36.37 million. BigBear.ai had a negative net margin of 65.20% and a negative return on equity of 13.44%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.71) EPS. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

Several institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of BigBear.ai by 11.8% in the first quarter. Principal Financial Group Inc. now owns 22,698 shares of the company’s stock worth $80,000 after purchasing an additional 2,391 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of BigBear.ai by 29.2% in the 1st quarter. Kestra Advisory Services LLC now owns 18,424 shares of the company’s stock valued at $65,000 after acquiring an additional 4,159 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of BigBear.ai by 617.5% during the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after buying an additional 4,631 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of BigBear.ai by 77.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 13,756 shares of the company’s stock worth $74,000 after purchasing an additional 5,987 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of BigBear.ai by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,264,406 shares of the company’s stock worth $4,451,000 after acquiring an additional 6,365 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc (NYSE:BBAI) provides artificial intelligence and decision-intelligence solutions designed to help organizations analyze complex data, identify risks and improve operational decision-making. Its capabilities include predictive analytics, machine learning, computer vision, data integration and workflow optimization.

The company serves customers in national security, defense, intelligence, supply chain management, manufacturing, healthcare and other industries. Its solutions are used for areas such as logistics planning, asset and workforce management, operational forecasting, identity verification and threat detection.