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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.56, but opened at $4.00. BigBear.ai shares last traded at $3.88, with a volume of 45,474,892 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on BBAI shares. HC Wainwright decreased their price target on shares of BigBear.ai from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 7th. Cantor Fitzgerald decreased their price target on shares of BigBear.ai from $8.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, March 7th. Finally, Northland Securities cut shares of BigBear.ai from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $2.50 to $4.00 in a research report on Friday, March 7th.

BigBear.ai Stock Performance

The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $1.07 billion, a PE ratio of -4.02 and a beta of 3.32. The firm’s 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $3.66.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.04). BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm had revenue of $34.76 million for the quarter, compared to analysts’ expectations of $36.26 million. During the same quarter in the previous year, the firm posted ($0.67) earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Sean Raymond Ricker sold 10,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $3.33, for a total transaction of $33,300.00. Following the transaction, the chief accounting officer now directly owns 293,639 shares in the company, valued at $977,817.87. The trade was a 3.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Julie Peffer sold 20,000 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $3.25, for a total transaction of $65,000.00. Following the transaction, the chief financial officer now owns 730,077 shares in the company, valued at approximately $2,372,750.25. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,219 shares of company stock worth $439,005. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors and hedge funds have recently modified their holdings of BBAI. City State Bank purchased a new position in shares of BigBear.ai during the 1st quarter valued at $29,000. Cornerstone Wealth Management LLC acquired a new stake in shares of BigBear.ai in the 1st quarter valued at $29,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of BigBear.ai by 2,216.0% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock valued at $33,000 after purchasing an additional 11,080 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of BigBear.ai in the 1st quarter valued at $34,000. Finally, Alpine Global Management LLC acquired a new stake in shares of BigBear.ai in the 1st quarter valued at $34,000. 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.