BigBear.ai (NYSE:BBAI) Shares Up 1.6% - Here's What Happened

Key Points

• BigBear.ai's share price increased by 1.6% to $6.8860, with a trading volume of approximately 123.87 million shares, surpassing its average session volume by 30%.
• Analysts have mixed ratings for BigBear.ai, with two "Buy" ratings, two "Hold" ratings, and one "Sell" rating, leading to a consensus target price of $6.00.
• The company reported a negative net margin of 269.28% for the quarter, with revenue decline of 18.3% year-over-year, totaling $32.47 million.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price shot up 1.6% on Wednesday . The stock traded as high as $7.07 and last traded at $6.8860. 123,870,264 shares traded hands during trading, an increase of 30% from the average session volume of 95,365,195 shares. The stock had previously closed at $6.78.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BBAI. HC Wainwright cut their target price on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, BigBear.ai currently has a consensus rating of "Hold" and a consensus target price of $6.00.

BigBear.ai Stock Up 1.6%

The company's fifty day moving average price is $6.40 and its 200-day moving average price is $5.47. The stock has a market capitalization of $3.01 billion, a PE ratio of -4.78 and a beta of 3.43. 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 announced its quarterly earnings data on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The company had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. During the same period in the previous year, the business earned ($0.06) EPS. The firm's revenue for the quarter was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the business's stock in a transaction dated 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 owned 296,345 shares of the company's stock, valued at approximately $1,585,445.75. The trade was a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in shares of BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after acquiring an additional 1,990,822 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of BigBear.ai in the 1st quarter worth $286,000. McGuire Investment Group LLC lifted its position in BigBear.ai by 89.0% during the second quarter. McGuire Investment Group LLC now owns 86,658 shares of the company's stock valued at $588,000 after purchasing an additional 40,806 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its position in BigBear.ai by 48.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 125,136 shares of the company's stock valued at $850,000 after purchasing an additional 40,893 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in BigBear.ai in the second quarter worth about $533,000. 7.55% of the stock is currently owned by hedge funds and other institutional investors.

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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