BigBear.ai’s (BBAI) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright reissued their buy rating on shares of BigBear.ai (NYSE:BBAI) in a research note published on Wednesday morning, Benzinga reports. They currently have a $3.00 price objective on the stock.

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, August 21st.

BigBear.ai Price Performance

Shares of NYSE:BBAI traded up $0.07 on Wednesday, reaching $1.66. 1,525,076 shares of the company traded hands, compared to its average volume of 6,550,334. The company’s 50 day moving average is $1.58 and its 200-day moving average is $1.51. The stock has a market capitalization of $415.12 million, a PE ratio of -1.75 and a beta of 3.46. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.10 and a quick ratio of 2.10. BigBear.ai has a fifty-two week low of $1.17 and a fifty-two week high of $4.80.

BigBear.ai (NYSE:BBAI) last released its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. As a group, analysts anticipate that BigBear.ai will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAI. American International Group Inc. increased its holdings in BigBear.ai by 75.4% during the 1st quarter. American International Group Inc. now owns 25,539 shares of the company’s stock worth $52,000 after acquiring an additional 10,982 shares during the period. Fortis Group Advisors LLC raised its holdings in shares of BigBear.ai by 26.9% during the second quarter. Fortis Group Advisors LLC now owns 66,735 shares of the company’s stock valued at $101,000 after acquiring an additional 14,134 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of BigBear.ai during the first quarter valued at about $31,000. Baader Bank Aktiengesellschaft purchased a new position in shares of BigBear.ai in the 2nd quarter valued at approximately $32,000. Finally, Keynote Financial Services LLC purchased a new position in BigBear.ai during the 1st quarter valued at about $45,000. 7.55% of the stock is owned by institutional investors.

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.