BigBear.ai (NYSE:BBAI) Shares Gap Up – Time to Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) gapped up before the market opened on Tuesday . The stock had previously closed at $2.98, but opened at $3.17. BigBear.ai shares last traded at $3.17, with a volume of 4,174,028 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. HC Wainwright increased their target price on shares of BigBear.ai from $3.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, December 30th.

BigBear.ai Price Performance

The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $811.90 million, a PE ratio of -3.56 and a beta of 3.21. The stock has a 50-day moving average price of $2.89 and a 200 day moving average price of $2.00.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

In other news, CEO Amanda Long sold 66,140 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $4.50, for a total value of $297,630.00. Following the transaction, the chief executive officer now directly owns 2,445,449 shares in the company, valued at approximately $11,004,520.50. This represents a 2.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have sold 276,215 shares of company stock worth $1,165,261. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BBAI. XTX Topco Ltd increased its stake in BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock worth $89,000 after buying an additional 22,363 shares during the period. The Manufacturers Life Insurance Company grew its stake in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after purchasing an additional 23,597 shares in the last quarter. Sovereign Financial Group Inc. purchased a new stake in BigBear.ai during the 3rd quarter worth about $36,000. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai during the third quarter worth approximately $61,000. Finally, Rhumbline Advisers grew its holdings in BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock worth $154,000 after acquiring an additional 68,663 shares in the last quarter. 7.55% of the stock is currently owned by hedge funds and other 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.