BigBear.ai (NYSE:BBAI) Shares Down 6% - Here's Why

Key Points

• BigBear.ai's stock price fell by 6%, trading as low as $6.77, with a total volume of 100,479,045 shares traded, which is up 14% from the average volume.
• HC Wainwright has lowered the price target for BigBear.ai from $9.00 to $8.00 while maintaining a "buy" rating, indicating mixed market confidence.
• The company's recent earnings report showed a decline in revenue by 18.3% year-over-year, with earnings per share beating estimates but falling short on revenue expectations.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price fell 6% during mid-day trading on Thursday . The company traded as low as $6.77 and last traded at $7.14. 100,479,045 shares traded hands during trading, an increase of 14% from the average session volume of 87,941,094 shares. The stock had previously closed at $7.59.

Analyst Upgrades and Downgrades

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

BigBear.ai Trading Down 6.0%

The company has a 50 day moving average of $6.17 and a 200-day moving average of $4.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of -4.95 and a beta of 3.40.

BigBear.ai (NYSE:BBAI - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.BigBear.ai's revenue was down 18.3% compared to the same quarter last year. During the same period last year, the business posted ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In related news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai stock in a transaction 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 transaction, the chief financial officer directly owned 296,345 shares in the company, valued at approximately $1,585,445.75. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

A number of hedge funds and other institutional investors have recently bought and sold shares of BBAI. Jump Financial LLC acquired a new stake in BigBear.ai in the second quarter valued at $37,407,000. Geode Capital Management LLC increased its position in BigBear.ai by 125.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company's stock valued at $34,456,000 after acquiring an additional 2,820,698 shares during the period. JPMorgan Chase & Co. increased its position in BigBear.ai by 3,252.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company's stock valued at $16,285,000 after acquiring an additional 2,326,883 shares during the period. Goldman Sachs Group Inc. increased its position in 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 acquiring an additional 1,990,822 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BigBear.ai by 347.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,041,444 shares of the company's stock valued at $13,861,000 after acquiring an additional 1,584,783 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.

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