BigBear.ai (NYSE:BBAI) Stock Price Down 5.1% - Should You Sell?

Key Points

• BigBear.ai's stock price fell by 5.1%, closing at $7.08 after trading as low as $6.92, with trading volume significantly increasing to approximately 127.8 million shares.
• The company received a "sell (d-)" rating from Weiss Ratings and has an average price target of $6.00, while HC Wainwright lowered its price target from $9.00 to $8.00 and maintained a "buy" rating.
• BigBear.ai reported a quarterly revenue of $32.47 million, which was below the consensus estimate of $41.18 million, marking an 18.3% decline year-over-year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 5.1% during trading on Tuesday . The company traded as low as $6.92 and last traded at $7.08. Approximately 127,833,725 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 91,276,789 shares. The stock had previously closed at $7.46.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of BigBear.ai in a research note on Wednesday, October 8th. HC Wainwright lowered their price target on BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.00.

BigBear.ai Stock Down 5.1%

The firm has a 50-day moving average of $6.28 and a two-hundred day moving average of $5.30. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -4.91 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.

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 the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The company had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same period in the previous 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. As a group, sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

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. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of BigBear.ai by 18.1% in the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company's stock worth $378,000 after acquiring an additional 20,187 shares during the period. Janney Montgomery Scott LLC bought a new position in BigBear.ai in the first quarter worth $60,000. Kingswood Wealth Advisors LLC bought a new position in BigBear.ai in the first quarter worth $248,000. PFG Investments LLC acquired a new stake in BigBear.ai during the first quarter worth $43,000. Finally, McGuire Investment Group LLC bought a new stake in BigBear.ai in the 1st quarter valued at $131,000. Institutional investors and hedge funds own 7.55% of the company's stock.

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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