Traders Purchase High Volume of BigBear.ai Call Options (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the target of some unusual options trading on Monday. Traders bought 8,314 call options on the stock. This represents an increase of approximately 226% compared to the average volume of 2,553 call options.

BigBear.ai Stock Down 8.1 %

BBAI opened at $1.76 on Wednesday. The stock has a market cap of $431.86 million, a PE ratio of -1.95 and a beta of 3.48. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.99. BigBear.ai has a 52 week low of $1.16 and a 52 week high of $4.80. The business’s fifty day simple moving average is $1.50 and its 200 day simple moving average is $1.52.

BigBear.ai (NYSE:BBAI) last released its earnings results on Thursday, August 1st. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $39.78 million for the quarter, compared to analysts’ expectations of $46.55 million. BigBear.ai had a negative return on equity of 295.34% and a negative net margin of 104.53%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. As a group, research analysts expect that BigBear.ai will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on BBAI shares. HC Wainwright reiterated a “buy” rating and issued a $3.00 price objective on shares of BigBear.ai in a research note on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a report on Wednesday, August 21st.

Institutional Trading of BigBear.ai

A number of institutional investors have recently modified their holdings of BBAI. Price T Rowe Associates Inc. MD purchased a new stake in shares of BigBear.ai during the first quarter worth about $31,000. Baader Bank Aktiengesellschaft purchased a new stake in BigBear.ai in the second quarter worth about $32,000. Avondale Wealth Management purchased a new stake in BigBear.ai in the first quarter worth about $33,000. Sovereign Financial Group Inc. purchased a new stake in BigBear.ai in the third quarter worth about $36,000. Finally, Hartline Investment Corp purchased a new stake in BigBear.ai in the first quarter worth about $39,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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.