BigBear.ai (NYSE:BBAI) Stock Price Down 1.8% - Time to Sell?

Key Points

• BigBear.ai (NYSE:BBAI) shares fell by 1.8% to $5.26, with trading volume dropping 85% compared to the average session.
• HC Wainwright lowered their price target for BigBear.ai from $9.00 to $8.00 while maintaining a "buy" rating on the stock, which has an average rating of "Moderate Buy" and a price target of $6.00.
• The company reported a net loss with a negative return on equity of 48.11% and revenue down 18.3% year-over-year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 1.8% during mid-day trading on Wednesday . The stock traded as low as $5.21 and last traded at $5.26. 12,783,535 shares were traded during trading, a decline of 85% from the average session volume of 87,022,523 shares. The stock had previously closed at $5.35.

Analyst Ratings Changes

Separately, HC Wainwright decreased their price target 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $6.00.

BigBear.ai Price Performance

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 firm's fifty day moving average is $6.46 and its two-hundred day moving average is $4.89. The company has a market cap of $1.92 billion, a P/E ratio of -3.60 and a beta of 3.44.

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

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently bought and sold shares of the stock. AE Industrial Partners LP purchased a new position in shares of BigBear.ai in the fourth quarter valued at $284,721,000. Jump Financial LLC purchased a new stake in BigBear.ai during the 2nd quarter valued at $37,407,000. Geode Capital Management LLC grew its holdings in BigBear.ai by 125.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company's stock valued at $34,456,000 after purchasing an additional 2,820,698 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in BigBear.ai by 3,252.7% during 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. Finally, Goldman Sachs Group Inc. grew 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 last quarter. 7.55% of the stock is currently owned by institutional investors.

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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