BigBear.ai (NYSE:BBAI) Shares Climb 7% – Should You Buy?

BigBear.ai Holdings, Inc. (NYSE:BBAI) rose 7% during trading on Thursday. The company traded as high as $2.80 and last traded at $2.8350. 11,214,252 shares changed hands during trading, a decline of 70% from the average session volume of 37,964,730 shares. The stock had previously closed at $2.65.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BBAI shares. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Friday, July 17th. Wall Street Zen cut shares of BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Cantor Fitzgerald reduced their target price on shares of BigBear.ai from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.00.

BigBear.ai Price Performance

The company has a quick ratio of 5.67, a current ratio of 5.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.26 billion, a PE ratio of -12.55 and a beta of 3.37. The firm’s 50 day simple moving average is $2.96 and its 200 day simple moving average is $3.49.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Thursday, July 30th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). BigBear.ai had a negative net margin of 65.20% and a negative return on equity of 13.44%. The business had revenue of $36.75 million for the quarter, compared to the consensus estimate of $36.37 million. During the same quarter in the prior year, the firm posted ($0.71) earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BBAI. First Trust Advisors LP grew its position in BigBear.ai by 18.1% in the 1st quarter. First Trust Advisors LP now owns 2,419,242 shares of the company’s stock valued at $8,516,000 after acquiring an additional 369,981 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of BigBear.ai during the second quarter valued at $5,243,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of BigBear.ai by 6.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,295,272 shares of the company’s stock valued at $4,754,000 after purchasing an additional 76,451 shares during the period. Fiduciary Alliance LLC grew its holdings in shares of BigBear.ai by 15.4% in the first quarter. Fiduciary Alliance LLC now owns 679,066 shares of the company’s stock worth $2,574,000 after purchasing an additional 90,409 shares during the last quarter. Finally, Clear Street Group Inc. increased its stake in BigBear.ai by 245.3% in the 4th quarter. Clear Street Group Inc. now owns 614,096 shares of the company’s stock worth $3,316,000 after buying an additional 436,250 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, machine learning and data analytics solutions designed to help organizations make decisions in complex, data-intensive environments. The company’s capabilities include predictive analytics, computer vision, data integration, cloud-based systems and decision-support tools that help customers monitor conditions, identify risks, forecast outcomes and coordinate operations.

The company primarily serves the U.S. government, including defense, intelligence, national security, border security and transportation-related agencies.