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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.23, but opened at $4.50. BigBear.ai shares last traded at $4.92, with a volume of 12,462,975 shares changing hands.

Analysts Set New Price Targets

Several research firms have weighed in on BBAI. Cantor Fitzgerald restated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright lifted their price target 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 stock has a 50 day moving average of $3.50 and a 200-day moving average of $2.26. The stock has a market capitalization of $1.15 billion, a P/E ratio of -5.04 and a beta of 3.17. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share 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 company had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In other news, Director Sean Bernard Battle sold 44,813 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $4.46, for a total value of $199,865.98. Following the completion of the transaction, the director now owns 137,838 shares of the company’s stock, valued at $614,757.48. The trade was a 24.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.25, for a total value of $850,000.00. Following the sale, the chief executive officer now directly owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This trade represents a 7.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 310,953 shares of company stock valued at $1,347,496. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its holdings in BigBear.ai by 107.0% in the 4th quarter. Private Advisor Group LLC now owns 30,008 shares of the company’s stock worth $134,000 after buying an additional 15,508 shares during the last quarter. Retirement Income Solutions Inc acquired a new stake in shares of BigBear.ai in the fourth quarter worth approximately $47,000. Rhumbline Advisers increased its position in shares of BigBear.ai by 41.6% during the fourth quarter. Rhumbline Advisers now owns 111,825 shares of the company’s stock worth $498,000 after purchasing an additional 32,829 shares in the last quarter. Vontobel Holding Ltd. purchased a new position in BigBear.ai in the 4th quarter valued at $238,000. Finally, Apollon Wealth Management LLC acquired a new stake in BigBear.ai during the 4th quarter worth $65,000. 7.55% of the stock is 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.