BigBear.ai (NYSE:BBAI) Shares Up 3.1% - Here's What Happened

Key Points

• BigBear.ai shares rose by 3.1% on Thursday, trading as high as $7.56, with a significant increase in trading volume of 152.4 million shares, compared to the average of 88.4 million.
• Analysts have mixed views on BigBear.ai, with a consensus rating of "Hold" and an average target price of $6.00, while Weiss Ratings has given it a "sell" rating.
• BigBear.ai reported a quarterly revenue of $32.47 million, which falls short of analyst expectations, with a negative net margin of 269.28% and a forecasted EPS of -0.28 for the fiscal year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shot up 3.1% on Thursday . The company traded as high as $7.56 and last traded at $7.51. 152,472,412 shares traded hands during mid-day trading, an increase of 72% from the average session volume of 88,446,164 shares. The stock had previously closed at $7.29.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BBAI. Weiss Ratings reiterated a "sell (d-)" rating on shares of BigBear.ai in a research report on Wednesday. HC Wainwright decreased 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 note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BigBear.ai presently has a consensus rating of "Hold" and an average target price of $6.00.

BigBear.ai Price Performance

The business's 50 day moving average is $6.12 and its 200-day moving average is $5.03. The firm has a market capitalization of $3.27 billion, a P/E ratio of -5.22 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 issued its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million for the quarter, compared to analyst estimates of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The company's quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of BigBear.ai by 569.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after buying an additional 1,990,822 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of BigBear.ai during the first quarter worth $286,000. McGuire Investment Group LLC lifted its holdings in shares of BigBear.ai by 89.0% during the second quarter. McGuire Investment Group LLC now owns 86,658 shares of the company's stock worth $588,000 after purchasing an additional 40,806 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of BigBear.ai by 48.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 125,136 shares of the company's stock worth $850,000 after purchasing an additional 40,893 shares during the period. Finally, Swiss National Bank acquired a new position in shares of BigBear.ai during the first quarter worth $1,045,000. Institutional investors own 7.55% of the company's stock.

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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