BigBear.ai (NYSE:BBAI) Shares Down 3.2% - What's Next?

Key Points

• BigBear.ai's shares declined by 3.2%, closing at $4.77 after trading as low as $4.73, with a significant drop in trading volume of 83% compared to the average.
• HC Wainwright lowered the price target for BigBear.ai from $9.00 to $8.00, while the average analyst rating remains a "Moderate Buy" with a consensus target price of $6.00.
• Despite a slight earnings beat of $0.01, BigBear.ai reported a **negative net margin** of 269.28% and a revenue decline of 18.3% compared to the same quarter last year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 3.2% during mid-day trading on Friday . The stock traded as low as $4.73 and last traded at $4.77. 14,182,638 shares changed hands during trading, a decline of 83% from the average session volume of 85,360,922 shares. The stock had previously closed at $4.93.

Wall Street Analyst Weigh In

Separately, HC Wainwright reduced their price objective on BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

BigBear.ai Price Performance

The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -3.45 and a beta of 3.40. The business has a 50-day simple moving average of $6.51 and a two-hundred day simple moving average of $4.68. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The company had revenue of $32.47 million for the quarter, compared to analysts' expectations of $41.18 million. During the same quarter in the prior year, the company earned ($0.06) earnings per share. The firm's revenue was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. As a group, 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 related news, CFO Sean Raymond Ricker sold 11,978 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were 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 directly owned 296,345 shares in the company, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently made changes to their positions in the stock. Flaharty Asset Management LLC bought a new stake in shares of BigBear.ai in the first quarter valued at about $26,000. City State Bank acquired a new stake in shares of BigBear.ai during the first quarter worth approximately $29,000. Cornerstone Wealth Management LLC acquired a new stake in shares of BigBear.ai during the first quarter worth approximately $29,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of BigBear.ai by 2,216.0% during the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock worth $33,000 after buying an additional 11,080 shares in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of BigBear.ai during the first quarter worth approximately $34,000. Institutional investors own 7.55% of the company's stock.

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.