BigBear.ai (NYSE:BBAI) Shares Up 2.1% - Time to Buy?

Key Points

• BigBear.ai's stock rose 2.1% to $5.60, despite a significant decline in trading volume, with only 19,911,625 shares exchanged compared to an average of 87,715,344 shares.
• Analysts from HC Wainwright have adjusted their target price for BigBear.ai from $9.00 to $8.00, maintaining a "buy" rating.
• The company reported a negative net margin of 269.28% and a quarterly revenue of $32.47 million, which fell short of analysts' expectations of $41.18 million.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price rose 2.1% on Friday . The company traded as high as $5.60 and last traded at $5.60. Approximately 19,911,625 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 87,715,344 shares. The stock had previously closed at $5.48.

Analyst Upgrades and Downgrades

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

BigBear.ai Stock Up 0.8%

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 has a market capitalization of $1.98 billion, a PE ratio of -3.71 and a beta of 3.44. The company's 50-day moving average is $6.46 and its 200 day moving average is $4.89.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its 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. The business had revenue of $32.47 million for the quarter, compared to analysts' expectations of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The business's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors have recently added to or reduced their stakes in the stock. Marex Group plc purchased a new stake in BigBear.ai during the 2nd quarter valued at approximately $1,411,000. Headlands Technologies LLC grew its holdings in BigBear.ai by 210.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,962,073 shares of the company's stock valued at $13,322,000 after buying an additional 1,330,729 shares in the last quarter. Corient Private Wealth LLC grew its holdings in BigBear.ai by 26.2% during the 2nd quarter. Corient Private Wealth LLC now owns 27,450 shares of the company's stock valued at $186,000 after buying an additional 5,700 shares in the last quarter. Captrust Financial Advisors grew its holdings in BigBear.ai by 139.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,506,922 shares of the company's stock valued at $10,232,000 after buying an additional 877,685 shares in the last quarter. Finally, Two Sigma Securities LLC grew its holdings in BigBear.ai by 487.6% during the 2nd quarter. Two Sigma Securities LLC now owns 364,460 shares of the company's stock valued at $2,475,000 after buying an additional 302,436 shares in the last quarter. 7.55% of the stock is 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.