BigBear.ai (NYSE:BBAI) Earns “Buy” Rating from HC Wainwright

BigBear.ai (NYSE:BBAI)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a report released on Wednesday, Benzinga reports. They presently have a $3.00 price target on the stock. HC Wainwright’s price target would suggest a potential upside of 69.97% from the stock’s current price.

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research note on Wednesday, August 21st.

BigBear.ai Stock Performance

Shares of NYSE:BBAI opened at $1.77 on Wednesday. BigBear.ai has a twelve month low of $1.17 and a twelve month high of $4.80. The business has a fifty day moving average of $1.58 and a 200-day moving average of $1.51. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10. The firm has a market cap of $441.37 million, a PE ratio of -2.13 and a beta of 3.46.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. BigBear.ai had a negative return on equity of 295.34% and a negative net margin of 104.53%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS. On average, equities research analysts predict that BigBear.ai will post -0.32 EPS for the current fiscal year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can grew its stake in shares of BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock valued at $1,006,000 after buying an additional 643,570 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of BigBear.ai by 160.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 307,692 shares of the company’s stock worth $465,000 after purchasing an additional 189,593 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of BigBear.ai by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock valued at $4,228,000 after purchasing an additional 168,076 shares during the period. SG Americas Securities LLC acquired a new position in BigBear.ai during the first quarter worth approximately $287,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of BigBear.ai during the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds 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.