BigBear.ai (NYSE:BBAI) Stock Price Down 2.4% - What's Next?

Key Points

• BigBear.ai stock fell 2.4% to $6.00, with trading volume down 66% from the average, indicating decreased investor interest.
• HC Wainwright revised their price target for BigBear.ai from $9.00 to $8.00 while maintaining a "buy" rating.
• In its recent earnings report, BigBear.ai posted a net loss of ($0.06) per share and reported an 18.3% decline in revenue year-over-year.

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) were down 2.4% during trading on Monday . The company traded as low as $5.77 and last traded at $6.00. Approximately 30,317,284 shares traded hands during trading, a decline of 66% from the average daily volume of 88,572,859 shares. The stock had previously closed at $6.14.

Analysts Set New Price Targets

Separately, HC Wainwright lowered their target price on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.00.

BigBear.ai Stock Down 0.1%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -3.80 and a beta of 3.44. The firm's 50 day simple moving average is $6.37 and its 200-day simple moving average is $4.93.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The business had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The business's quarterly revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

In other news, CFO Julie Peffer sold 50,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $4.40, for a total transaction of $220,000.00. Following the completion of the sale, the chief financial officer owned 634,153 shares in the company, valued at approximately $2,790,273.20. This represents a 7.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently made changes to their positions in BBAI. AE Industrial Partners LP acquired a new stake in shares of BigBear.ai during the fourth quarter worth about $284,721,000. Jump Financial LLC purchased a new position in BigBear.ai during the second quarter worth about $37,407,000. Geode Capital Management LLC raised its holdings in BigBear.ai by 125.2% during the second quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company's stock worth $34,456,000 after purchasing an additional 2,820,698 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in BigBear.ai by 3,252.7% during the second quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company's stock worth $16,285,000 after purchasing an additional 2,326,883 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in 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 purchasing an additional 1,990,822 shares in the last quarter. 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.