BigBear.ai (NYSE:BBAI) Stock Price Down 2% - What's Next?

Key Points

• BigBear.ai's stock fell 2% to $7.29, with trading volume increasing by 36% compared to its average.
• Analysts have mixed sentiments on BigBear.ai, with a “buy” rating from HC Wainwright at a new target price of $8.00 and a “sell” rating reaffirmed by Weiss Ratings, leading to an average "Hold" rating.
• The company reported a quarterly revenue of $32.47 million, which was below the estimated $41.18 million, indicating a year-over-year decline of 18.3%.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 2% during trading on Wednesday . The stock traded as low as $7.09 and last traded at $7.29. Approximately 119,738,326 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 88,128,648 shares. The stock had previously closed at $7.44.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. HC Wainwright dropped their target price on BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.00.

BigBear.ai Trading Down 2.0%

The company has a market cap of $2.70 billion, a price-to-earnings ratio of -5.06 and a beta of 3.43. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The firm's 50-day moving average price is $6.08 and its 200 day moving average price is $4.99.

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, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $32.47 million during the quarter, compared to the consensus estimate 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 firm posted ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total value of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at $1,585,445.75. This trade represents a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its stake in BigBear.ai by 68.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock valued at $42,000 after acquiring an additional 2,527 shares in the last quarter. Flaharty Asset Management LLC bought a new position in BigBear.ai during the 1st quarter valued at $26,000. Allworth Financial LP lifted its stake in BigBear.ai by 36.6% during the 2nd quarter. Allworth Financial LP now owns 9,765 shares of the company's stock valued at $66,000 after acquiring an additional 2,615 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in BigBear.ai during the 1st quarter valued at $29,000. Finally, Enterprise Bank & Trust Co bought a new position in BigBear.ai during the 2nd quarter valued at $68,000. 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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