BigBear.ai (NYSE:BBAI) Shares Up 12.8% - What's Next?

Key Points

• BigBear.ai Holdings, Inc. shares rose 12.8% on Tuesday, trading between $7.99 and $8.48, with a notable increase in trading volume.
• HC Wainwright has lowered their price target for BigBear.ai from $9.00 to $8.00, while the current consensus target price stands at $6.00.
• BigBear.ai reported a loss of ($0.06) EPS for the quarter, exceeding expectations, but experienced an 18.3% decline in revenue compared to the same quarter last year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was up 12.8% on Tuesday . The company traded as high as $8.48 and last traded at $7.99. Approximately 232,041,069 shares were traded during mid-day trading, an increase of 165% from the average daily volume of 87,609,648 shares. The stock had previously closed at $7.08.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright cut 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.00.

BigBear.ai Stock Performance

The firm has a market cap of $2.96 billion, a P/E ratio of -5.55 and a beta of 3.41. 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 company's 50 day moving average is $6.14 and its 200 day moving average is $4.69.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The business had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The firm's revenue was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities 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, CFO Sean Raymond Ricker sold 11,978 shares of the company's stock in a transaction that occurred 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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. Baird Financial Group Inc. acquired a new stake in shares of BigBear.ai during the first quarter worth $286,000. Ameriprise Financial Inc. acquired a new stake in shares of BigBear.ai during the fourth quarter worth $81,000. ProShare Advisors LLC increased its position in shares of BigBear.ai by 51.5% during the fourth quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock worth $129,000 after buying an additional 9,879 shares during the period. Finally, Swiss National Bank acquired a new stake in shares of BigBear.ai during the first quarter worth $1,045,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.

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.

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