BigBear.ai (NYSE:BBAI) Stock Price Down 3.8% - Should You Sell?

Key Points

• BigBear.ai shares declined by 3.8% to $6.47, with trading volume down 17% compared to recent averages.
• HC Wainwright lowered their price target for BigBear.ai from $9.00 to $8.00, while maintaining a "buy" rating.
• The company reported a negative net margin of 269.28% for the last quarter and a revenue decrease of 18.3% year-over-year.

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 3.8% during mid-day trading on Monday . The company traded as low as $6.44 and last traded at $6.47. 72,599,515 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 87,768,859 shares. The stock had previously closed at $6.73.

Wall Street Analyst Weigh In

Separately, HC Wainwright reduced their price target on 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 analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, BigBear.ai has an average rating of "Moderate Buy" and a consensus price target of $6.00.

BigBear.ai Price Performance

The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $6.12 and a 200-day moving average of $4.81. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of -4.50 and a beta of 3.41.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $41.18 million. During the same quarter in the prior year, the business posted ($0.06) EPS. The company's revenue for the quarter was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity

In other news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Large investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in shares of BigBear.ai by 68.4% in the second 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 during the period. Flaharty Asset Management LLC purchased a new position in shares of BigBear.ai during the first quarter worth about $26,000. Allworth Financial LP grew its holdings in shares of BigBear.ai by 36.6% during the second quarter. Allworth Financial LP now owns 9,765 shares of the company's stock worth $66,000 after buying an additional 2,615 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in BigBear.ai in the 1st quarter valued at about $29,000. Finally, City State Bank purchased a new stake in BigBear.ai during the 1st quarter valued at approximately $29,000. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Company Profile

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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