BigBear.ai (NYSE:BBAI – Get Free Report) had its price target hoisted by stock analysts at HC Wainwright from $3.00 to $7.00 in a research report issued on Monday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 45.53% from the company’s previous close.
Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.
BigBear.ai Trading Up 14.3 %
BBAI stock traded up $0.60 during midday trading on Monday, hitting $4.81. The company had a trading volume of 75,632,242 shares, compared to its average volume of 11,192,952. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -5.29 and a beta of 3.58. BigBear.ai has a 52 week low of $1.16 and a 52 week high of $5.08. 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’s 50 day moving average price is $2.38 and its 200 day moving average price is $1.80.
BigBear.ai (NYSE:BBAI – Get Free Report) last posted its quarterly 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. The company 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 109.90% and a negative return on equity of 138.35%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. As a group, equities research analysts expect that BigBear.ai will post -0.28 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Amanda Long sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $4.25, for a total transaction of $850,000.00. Following the completion of the transaction, the chief executive officer now owns 2,583,254 shares of the company’s stock, valued at $10,978,829.50. This trade represents a 7.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 143,713,297 shares in the company, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 782,892 shares of company stock valued at $1,887,246 over the last ninety days. Company insiders own 1.40% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Sovereign Financial Group Inc. purchased a new stake in shares of BigBear.ai during the third quarter valued at $36,000. XTX Topco Ltd purchased a new position in shares of BigBear.ai during the second quarter valued at approximately $58,000. Intech Investment Management LLC purchased a new stake in BigBear.ai in the third quarter worth approximately $61,000. The Manufacturers Life Insurance Company grew its position in BigBear.ai by 135.0% in 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 during the period. Finally, Koshinski Asset Management Inc. bought a new position in shares of BigBear.ai during the 3rd quarter valued at $131,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.
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.