BigBear.ai (NYSE:BBAI) Shares Down 4.5% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) traded down 4.5% on Friday . The company traded as low as $6.02 and last traded at $6.0550. 90,192,403 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 95,409,852 shares. The stock had previously closed at $6.34.

Analysts Set New Price Targets

BBAI has been the subject of a number of research reports. HC Wainwright reiterated a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Stock Performance

The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -4.26 and a beta of 3.42. The stock’s 50 day moving average price is $6.66 and its 200 day moving average price is $5.75. The company has a current ratio of 3.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18.

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

Insider Activity

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total value of $64,082.30. Following the completion of the sale, the chief financial officer owned 296,345 shares of the company’s stock, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after purchasing an additional 1,990,822 shares during the period. Baird Financial Group Inc. bought a new position in BigBear.ai during the first quarter worth about $286,000. Wedbush Securities Inc. acquired a new position in BigBear.ai during the second quarter worth approximately $1,669,000. McGuire Investment Group LLC raised its stake in BigBear.ai by 89.0% in the second quarter. McGuire Investment Group LLC now owns 86,658 shares of the company’s stock valued at $588,000 after buying an additional 40,806 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its stake in BigBear.ai by 48.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 125,136 shares of the company’s stock valued at $850,000 after buying an additional 40,893 shares during the period. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.