BigBear.ai (NYSE:BBAI) Shares Down 2.7% – Here’s What Happened

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 2.7% during mid-day trading on Wednesday . The stock traded as low as $5.99 and last traded at $6.0250. 87,407,801 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 95,348,391 shares. The stock had previously closed at $6.19.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BBAI shares. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Finally, HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. Two 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. Based on data from MarketBeat.com, BigBear.ai presently has a consensus rating of “Hold” and an average target price of $6.33.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -4.24 and a beta of 3.42. The company has a fifty day moving average of $6.79 and a two-hundred day moving average of $5.93.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The firm had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. During the same period in the prior year, the business posted ($0.05) EPS. The firm’s quarterly revenue was down 20.1% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were 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 of the company’s stock, valued at approximately $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in BigBear.ai by 32.6% during the third quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after buying an additional 6,790,890 shares during the last quarter. Jump Financial LLC bought a new stake in shares of BigBear.ai during the 2nd quarter valued at about $37,407,000. Two Sigma Investments LP grew its stake in BigBear.ai by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock worth $31,974,000 after purchasing an additional 3,056,597 shares during the period. Geode Capital Management LLC increased its stake in shares of BigBear.ai by 125.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock valued at $34,456,000 after acquiring an additional 2,820,698 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of BigBear.ai by 3,252.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock valued at $16,285,000 after purchasing an additional 2,326,883 shares during the period. 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.