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

HC Wainwright reaffirmed their buy rating on shares of BigBear.ai (NYSE:BBAI) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $5.00 price objective on the stock.

Separately, Cantor Fitzgerald restated an overweight rating and set a $3.00 price objective on shares of BigBear.ai in a report on Monday, March 4th.

BigBear.ai Price Performance

BBAI stock opened at $1.49 on Friday. The business has a 50-day moving average price of $2.21 and a 200 day moving average price of $1.92. BigBear.ai has a 1-year low of $1.16 and a 1-year high of $4.80. The company has a market capitalization of $366.66 million, a P/E ratio of -1.66 and a beta of 3.73.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.07). The firm had revenue of $40.56 million during the quarter, compared to analysts’ expectations of $42.75 million. During the same period last year, the firm earned ($0.23) earnings per share. BigBear.ai’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts anticipate that BigBear.ai will post -0.21 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of BigBear.ai stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the completion of the sale, the director now owns 159,186,896 shares of the company’s stock, valued at approximately $428,212,750.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Dorothy D. Hayes sold 12,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $2.43, for a total transaction of $29,160.00. Following the completion of the transaction, the director now owns 209,401 shares of the company’s stock, valued at $508,844.43. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bbai Ultimate Holdings, Llc sold 5,557,343 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $2.69, for a total transaction of $14,949,252.67. Following the transaction, the director now owns 159,186,896 shares of the company’s stock, valued at $428,212,750.24. The disclosure for this sale can be found here. Insiders have sold a total of 5,838,420 shares of company stock valued at $15,635,973 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. grew its holdings in BigBear.ai by 221.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,000 shares of the company’s stock worth $51,000 after acquiring an additional 23,425 shares during the period. Raymond James & Associates grew its stake in shares of BigBear.ai by 130.4% during the 3rd quarter. Raymond James & Associates now owns 748,949 shares of the company’s stock worth $1,131,000 after purchasing an additional 423,893 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of BigBear.ai during the 3rd quarter valued at approximately $48,000. Vontobel Holding Ltd. lifted its stake in shares of BigBear.ai by 22.2% in the 4th quarter. Vontobel Holding Ltd. now owns 44,000 shares of the company’s stock valued at $94,000 after purchasing an additional 8,000 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in BigBear.ai by 64.0% during the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 19,492 shares of the company’s stock worth $42,000 after buying an additional 7,607 shares in the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.