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

HC Wainwright reissued their buy rating on shares of BigBear.ai (NYSE:BBAI) in a research note published on Tuesday morning, Benzinga reports. HC Wainwright currently has a $3.00 price objective on the stock.

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

BigBear.ai Stock Up 2.9 %

Shares of BigBear.ai stock opened at $1.75 on Tuesday. BigBear.ai has a 1 year low of $1.16 and a 1 year high of $4.80. The firm has a market cap of $430.63 million, a price-to-earnings ratio of -1.94 and a beta of 3.48. The company has a 50-day moving average of $1.53 and a 200 day moving average of $1.52. The company has a debt-to-equity ratio of 1.99, a current ratio of 2.10 and a quick ratio of 2.10.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Thursday, August 1st. 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 net margin of 104.53% and a negative return on equity of 295.34%. The business had revenue of $39.78 million during the quarter, compared to the consensus estimate of $46.55 million. During the same quarter last year, the firm earned ($0.12) earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that BigBear.ai will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Koshinski Asset Management Inc. bought a new stake in BigBear.ai in the 3rd quarter worth approximately $131,000. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai in the 3rd quarter worth $36,000. The Manufacturers Life Insurance Company grew its holdings in shares of BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the period. Bank of Montreal Can increased its position 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 acquiring an additional 643,570 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in BigBear.ai in the second quarter valued at about $58,000. 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.