BigBear.ai (NYSE:BBAI) Stock Gets Price Target Cut from Cantor Fitzgerald

BigBear.ai (NYSE:BBAI) had its price objective trimmed by Cantor Fitzgerald from $4.00 to $3.00 in a research note released on Wednesday, MarketBeat.com reports. The firm currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on BBAI. Wall Street Zen downgraded shares of BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $4.50.

BigBear.ai Trading Down 2.6%

Shares of BBAI opened at $2.60 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.92 and a quick ratio of 5.67. BigBear.ai has a 1 year low of $2.07 and a 1 year high of $7.40. The company has a 50 day simple moving average of $2.67 and a two-hundred day simple moving average of $3.63. The firm has a market cap of $1.25 billion, a P/E ratio of -7.03 and a beta of 3.37.

BigBear.ai (NYSE:BBAI) last released its earnings results on Tuesday, October 27th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.13). BigBear.ai had a negative return on equity of 15.17% and a negative net margin of 126.84%. The company had revenue of $43.58 million during the quarter, compared to analysts’ expectations of $29.93 million. During the same period last year, the firm posted ($0.03) EPS. BigBear.ai’s quarterly revenue was up 31.5% compared to the same quarter last year. On average, equities analysts expect that BigBear.ai will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

Several large investors have recently bought and sold shares of BBAI. Park Avenue Securities LLC bought a new stake in shares of BigBear.ai in the 3rd quarter worth about $34,000. Farther Finance Advisors LLC grew its position in BigBear.ai by 19.7% in the third quarter. Farther Finance Advisors LLC now owns 59,103 shares of the company’s stock worth $157,000 after acquiring an additional 9,737 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of BigBear.ai in the 2nd quarter worth approximately $1,362,000. Engineers Gate Manager LP purchased a new position in BigBear.ai during the second quarter worth $194,000. Finally, NewEdge Advisors LLC grew its holdings in BigBear.ai by 14.4% during the 2nd quarter. NewEdge Advisors LLC now owns 135,886 shares of the company’s stock valued at $499,000 after purchasing an additional 17,143 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc (NYSE: BBAI) is an artificial intelligence company that develops decision-intelligence solutions for government and commercial organizations. Its technologies are designed to help customers analyze complex data, identify risks and opportunities, and support planning and operational decision-making.

The company provides artificial intelligence and machine-learning capabilities across areas such as supply-chain management, cyber operations, logistics, autonomous systems, predictive analytics, and computer vision.