BigBear.ai (NYSE:BBAI) Shares Up 8.2% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 8.2% during trading on Tuesday . The company traded as high as $3.55 and last traded at $3.45. Approximately 20,416,051 shares were traded during trading, an increase of 101% from the average daily volume of 10,157,564 shares. The stock had previously closed at $3.19.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BBAI. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 16.9 %

The firm has a market capitalization of $934.69 million, a PE ratio of -4.10 and a beta of 3.58. The stock has a 50-day simple moving average of $2.20 and a 200-day simple moving average of $1.72. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $41.51 million for the quarter, compared to analysts’ expectations of $45.04 million. BigBear.ai had a negative return on equity of 138.35% and a negative net margin of 109.90%. The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 EPS. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the sale, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently modified their holdings of BBAI. Bank of Montreal Can boosted its stake in BigBear.ai by 6,435.7% during 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 during the period. The Manufacturers Life Insurance Company raised its holdings in shares of BigBear.ai by 135.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after acquiring an additional 23,597 shares in the last quarter. XTX Topco Ltd boosted its position in shares of BigBear.ai by 57.9% during the 3rd quarter. XTX Topco Ltd now owns 61,011 shares of the company’s stock valued at $89,000 after acquiring an additional 22,363 shares during the last quarter. Rhumbline Advisers boosted its position in shares of BigBear.ai by 206.2% during the 2nd quarter. Rhumbline Advisers now owns 101,963 shares of the company’s stock valued at $154,000 after acquiring an additional 68,663 shares during the last quarter. Finally, Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai during the third quarter worth about $36,000. 7.55% of the stock is currently owned by 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.