HC Wainwright Reaffirms Buy Rating for BigBear.ai (NYSE:BBAI)

HC Wainwright restated their buy rating on shares of BigBear.ai (NYSE:BBAI) in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a $3.00 price target on the stock. HC Wainwright also issued estimates for BigBear.ai’s Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.22) EPS and FY2025 earnings at ($0.18) EPS.

Separately, Cantor Fitzgerald reiterated 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 Trading Up 1.1 %

Shares of BBAI opened at $1.76 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. The firm’s 50-day moving average is $1.58 and its two-hundred day moving average is $1.52. BigBear.ai has a twelve month low of $1.17 and a twelve month high of $4.80. The firm has a market capitalization of $440.12 million, a P/E ratio of -1.93 and a beta of 3.46.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 174.74%. The company had revenue of $41.51 million for the quarter, compared to analyst estimates of $45.04 million. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, research analysts predict that BigBear.ai will post -0.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total transaction of $1,019,614.26. Following the transaction, the director now owns 143,713,297 shares of the company’s stock, valued at approximately $255,809,668.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can lifted its stake in shares of 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. Price T Rowe Associates Inc. MD purchased a new position in shares of BigBear.ai during the first quarter valued at approximately $31,000. Vanguard Group Inc. lifted its stake in shares of BigBear.ai by 8.9% during the first quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock valued at $4,228,000 after buying an additional 168,076 shares during the period. SG Americas Securities LLC purchased a new position in BigBear.ai during the first quarter worth approximately $287,000. Finally, American International Group Inc. raised its stake in BigBear.ai by 75.4% during the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock worth $52,000 after purchasing an additional 10,982 shares during the period. 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.