BigBear.ai (NYSE:BBAI) Trading Down 4.3% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price traded down 4.3% during mid-day trading on Monday . The stock traded as low as $5.98 and last traded at $6.0650. 72,719,508 shares changed hands during trading, a decline of 24% from the average session volume of 95,147,734 shares. The stock had previously closed at $6.34.

Analysts Set New Price Targets

BBAI has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. HC Wainwright reissued a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Wall Street Zen upgraded shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.33.

BigBear.ai Price Performance

The firm has a market cap of $2.65 billion, a PE ratio of -4.27 and a beta of 3.42. 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 business’s fifty day moving average is $6.77 and its 200-day moving average is $5.98.

BigBear.ai (NYSE:BBAI) last released 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 net margin of 274.70% and a negative return on equity of 26.11%. The company had revenue of $33.14 million for the quarter, compared to the consensus estimate of $31.82 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The firm’s revenue was down 20.1% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions 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 stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the sale, the director directly owned 236,150 shares in the company, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in BigBear.ai by 62.0% during the first quarter. Victory Capital Management Inc. now owns 23,619 shares of the company’s stock valued at $68,000 after purchasing an additional 9,043 shares during the last quarter. Private Advisor Group LLC raised its position in shares of BigBear.ai by 28.5% in the first quarter. Private Advisor Group LLC now owns 38,551 shares of the company’s stock valued at $110,000 after purchasing an additional 8,543 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of BigBear.ai during the 1st quarter valued at approximately $115,000. Avantax Advisory Services Inc. purchased a new stake in shares of BigBear.ai during the 1st quarter valued at approximately $49,000. Finally, Cetera Investment Advisers boosted its holdings in BigBear.ai by 194.5% in the 1st quarter. Cetera Investment Advisers now owns 73,299 shares of the company’s stock worth $210,000 after buying an additional 48,407 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.