BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 4% during trading on Friday following a weaker than expected earnings announcement. The company traded as low as $3.08 and last traded at $3.21. Approximately 35,373,898 shares were traded during trading, a decline of 37% from the average daily volume of 56,214,105 shares. The stock had previously closed at $3.34.
The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The firm had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.67) EPS.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their price objective for the stock from $2.50 to $4.00 in a report on Friday, March 7th. HC Wainwright lowered their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Northland Capmk downgraded shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Cantor Fitzgerald dropped their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating on the stock in a research note on Friday, March 7th.
View Our Latest Stock Analysis on BBAI
Insider Activity
In other news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at $814,205.50. The trade was a 13.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company's stock.
Institutional Investors Weigh In On BigBear.ai
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock worth $3,152,000 after purchasing an additional 479,401 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in BigBear.ai in the 4th quarter worth $325,000. Barclays PLC increased its stake in BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock worth $208,000 after buying an additional 107,214 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in BigBear.ai by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after acquiring an additional 8,879 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in shares of BigBear.ai by 198.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock valued at $415,000 after acquiring an additional 61,998 shares in the last quarter. Institutional investors own 7.55% of the company's stock.
BigBear.ai Stock Performance
The business has a 50 day moving average price of $3.30 and a two-hundred day moving average price of $3.57. The stock has a market cap of $973.95 million, a P/E ratio of -3.70 and a beta of 3.34. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.
About BigBear.ai
(
Get Free Report)
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.
See Also
Before you consider BigBear.ai, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BigBear.ai wasn't on the list.
While BigBear.ai currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
