Investors Buy High Volume of BigBear.ai Call Options (NYSE:BBAI)

BigBear.ai Holdings, Inc. (NYSE:BBAI) was the recipient of some unusual options trading on Thursday. Investors acquired 201,759 call options on the stock. This is an increase of 50% compared to the typical volume of 134,215 call options.

BigBear.ai Stock Down 3.1%

BBAI opened at $6.80 on Friday. The stock’s 50 day moving average price is $6.68 and its 200 day moving average price is $6.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market cap of $2.97 billion, a P/E ratio of -4.79 and a beta of 3.44. BigBear.ai has a 12 month low of $2.36 and a 12 month high of $10.36.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $33.14 million during the quarter, compared to the consensus estimate of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The company’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.05) EPS. As a group, research analysts predict that BigBear.ai will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the sale, the director owned 236,150 shares in the company, valued at $1,435,792. This represents a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in BigBear.ai during the 1st quarter valued at about $115,000. Avantax Advisory Services Inc. acquired a new position in shares of BigBear.ai during the first quarter valued at approximately $49,000. Cetera Investment Advisers increased its stake in shares of BigBear.ai by 194.5% during the first quarter. Cetera Investment Advisers now owns 73,299 shares of the company’s stock valued at $210,000 after acquiring an additional 48,407 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in BigBear.ai during the first quarter worth approximately $96,000. Finally, Harbour Investments Inc. lifted its position in BigBear.ai by 4.8% in the first quarter. Harbour Investments Inc. now owns 135,865 shares of the company’s stock worth $389,000 after purchasing an additional 6,269 shares during the period. Institutional investors own 7.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. Wall Street Zen upgraded BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.33.

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.