BigBear.ai (NYSE:BBAI) Shares Up 3.8% – Still a Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price shot up 3.8% during trading on Friday . The company traded as high as $7.33 and last traded at $7.04. 292,913,918 shares traded hands during trading, an increase of 216% from the average session volume of 92,677,891 shares. The stock had previously closed at $6.78.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BBAI. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Friday. HC Wainwright decreased their price objective on BigBear.ai from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BigBear.ai presently has a consensus rating of “Hold” and an average target price of $6.00.

BigBear.ai Stock Up 3.8%

The firm has a 50 day moving average price of $6.35 and a 200-day moving average price of $5.40. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3.07 billion, a PE ratio of -4.89 and a beta of 3.43.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The firm had revenue of $32.47 million during the quarter, compared to analysts’ expectations of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm’s revenue was down 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. Research analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,585,445.75. The trade was a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its stake in BigBear.ai by 237.5% during the third quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,265 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in BigBear.ai by 68.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock worth $42,000 after purchasing an additional 2,527 shares during the last quarter. Flaharty Asset Management LLC acquired a new position in BigBear.ai during the first quarter worth approximately $26,000. Allworth Financial LP increased its position in BigBear.ai by 36.6% during the second quarter. Allworth Financial LP now owns 9,765 shares of the company’s stock worth $66,000 after buying an additional 2,615 shares during the period. Finally, Enterprise Bank & Trust Co acquired a new position in BigBear.ai during the second quarter worth approximately $68,000. Hedge funds and other 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.