Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 3.5% during mid-day trading on Tuesday . The company traded as low as $4.81 and last traded at $4.90. Approximately 14,932,726 shares traded hands during trading, a decline of 83% from the average daily volume of 86,218,805 shares. The stock had previously closed at $5.07.
Wall Street Analysts Forecast Growth
Separately, HC Wainwright decreased their price objective 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.00.
Get Our Latest Stock Analysis on BBAI
BigBear.ai Trading Up 0.3%
The company has a market cap of $1.82 billion, a price-to-earnings ratio of -3.41 and a beta of 3.40. The company's 50 day moving average price is $6.52 and its 200 day moving average price is $4.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91.
BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The company's quarterly revenue was down 18.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. Research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.
Insider Activity
In other news, CFO Sean Raymond Ricker sold 11,978 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer owned 296,345 shares in the company, valued at approximately $1,585,445.75. The trade was a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.
Hedge Funds Weigh In On BigBear.ai
Several large investors have recently added to or reduced their stakes in BBAI. Flaharty Asset Management LLC bought a new position in shares of BigBear.ai during the 1st quarter worth approximately $26,000. City State Bank bought a new position in BigBear.ai in the 1st quarter valued at $29,000. Cornerstone Wealth Management LLC acquired a new position in shares of BigBear.ai during the first quarter valued at $29,000. Blue Bell Private Wealth Management LLC boosted its holdings in BigBear.ai by 2,216.0% in the first quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company's stock valued at $33,000 after acquiring an additional 11,080 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in BigBear.ai in the first quarter worth about $34,000. Institutional investors and hedge funds own 7.55% of the company's stock.
BigBear.ai Company Profile
(
Get Free Report)
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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