BigBear.ai (NYSE:BBAI) Stock Price Down 1.9% - What's Next?

Key Points

• BigBear.ai's stock price fell 1.9% to $6.23 during mid-day trading, with a significant drop in trading volume to 25.8 million shares, down 71% from the average.
• HC Wainwright adjusted their price target for BigBear.ai from $6.00 to $9.00, maintaining a "buy" rating.
• The company reported a negative EPS of ($0.10) for the last quarter, missing expectations, while its revenue increased by 4.9% year-over-year to $34.76 million.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s stock price traded down 1.9% during mid-day trading on Friday . The stock traded as low as $6.01 and last traded at $6.23. 25,808,168 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 87,987,016 shares. The stock had previously closed at $6.35.

Analysts Set New Price Targets

Separately, HC Wainwright raised their price objective on BigBear.ai from $6.00 to $9.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a fifty day moving average price of $5.66 and a two-hundred day moving average price of $4.69. The stock has a market capitalization of $1.88 billion, a PE ratio of -8.27 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 121.31% and a negative return on equity of 57.83%. The company had revenue of $34.76 million during the quarter, compared to analysts' expectations of $36.26 million. During the same quarter in the prior year, the business posted ($0.67) earnings per share. The company's revenue was up 4.9% compared to the same quarter last year. Research analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling

In related news, CFO Julie Peffer sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the transaction, the chief financial officer directly owned 634,153 shares in the company, valued at $2,790,273.20. The trade was a 7.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sean Raymond Ricker sold 14,063 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $3.05, for a total value of $42,892.15. Following the sale, the chief accounting officer owned 270,061 shares in the company, valued at approximately $823,686.05. The trade was a 4.95% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 165,987 shares of company stock worth $614,608 in the last ninety days. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently bought and sold shares of BBAI. AE Industrial Partners LP purchased a new stake in BigBear.ai during the 4th quarter worth approximately $284,721,000. Vanguard Group Inc. grew its position in shares of BigBear.ai by 9.2% in the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock valued at $18,091,000 after purchasing an additional 534,963 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of BigBear.ai by 569.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after purchasing an additional 1,990,822 shares in the last quarter. Geode Capital Management LLC grew its position in shares of BigBear.ai by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after purchasing an additional 38,858 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of BigBear.ai in the first quarter valued at approximately $3,811,000. Institutional investors and hedge funds 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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