BigBear.ai (NYSE:BBAI) PT Lowered to $3.00 at HC Wainwright

BigBear.ai (NYSE:BBAI) had its price objective decreased by HC Wainwright from $5.00 to $3.00 in a report published on Friday morning, Benzinga reports. HC Wainwright currently has a buy rating on the stock.

BigBear.ai Stock Down 7.8 %

BBAI opened at $1.24 on Friday. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market capitalization of $303.90 million, a price-to-earnings ratio of -1.37 and a beta of 3.52. The business has a 50-day moving average of $1.45 and a two-hundred day moving average of $1.80. BigBear.ai has a 12 month low of $1.16 and a 12 month high of $4.80.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $39.78 million during the quarter, compared to analyst estimates of $46.55 million. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.12) earnings per share. On average, research analysts expect that BigBear.ai will post -0.34 earnings per share for the current year.

Insider Activity

In other news, Director Pamela Joyce Braden acquired 140,939 shares of BigBear.ai stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of $1.49 per share, with a total value of $209,999.11. Following the purchase, the director now directly owns 446,396 shares of the company’s stock, valued at approximately $665,130.04. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new position in BigBear.ai during the 4th quarter worth approximately $26,000. Price T Rowe Associates Inc. MD acquired a new position in BigBear.ai during the 1st quarter worth approximately $31,000. Avondale Wealth Management acquired a new position in BigBear.ai during the 1st quarter worth approximately $33,000. Hartline Investment Corp acquired a new position in BigBear.ai during the 1st quarter worth approximately $39,000. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in BigBear.ai by 64.0% during the 4th 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 acquiring an additional 7,607 shares in the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

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.