BigBear.ai (NYSE:BBAI) Stock Price Down 5.9% - What's Next?

Key Points

• BigBear.ai shares fell by 5.9%, closing at $5.51 after trading as low as $5.55, alongside a significant decrease in trading volume.
• Analysts from HC Wainwright lowered their price target for BigBear.ai from $9.00 to $8.00, while maintaining a "buy" rating, contributing to a "Moderate Buy" consensus rating for the stock.
• BigBear.ai reported a negative net margin of 269.28% and quarterly revenue of $32.47 million, down 18.3% year-over-year, despite beating EPS estimates.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares traded down 5.9% during trading on Tuesday . The company traded as low as $5.55 and last traded at $5.51. 23,402,189 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 88,323,859 shares. The stock had previously closed at $5.85.

Wall Street Analysts Forecast Growth

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

BigBear.ai Trading Down 0.1%

The business has a 50-day moving average price of $6.37 and a 200-day moving average price of $4.93. 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 announced its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $32.47 million for 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%.BigBear.ai's revenue for the quarter was down 18.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. 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 Julie Peffer sold 50,000 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total transaction of $220,000.00. Following the sale, the chief financial officer directly owned 634,153 shares of the company's stock, valued at $2,790,273.20. The trade was a 7.31% decrease in their ownership of the stock. 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 owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Invesco Ltd. raised its position in BigBear.ai by 8.3% during the fourth quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after buying an additional 1,629 shares during the period. Steward Partners Investment Advisory LLC raised its position in BigBear.ai by 22.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 10,344 shares of the company's stock valued at $70,000 after buying an additional 1,885 shares during the period. Janney Montgomery Scott LLC raised its position in BigBear.ai by 11.1% during the second quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock valued at $158,000 after buying an additional 2,325 shares during the period. Deutsche Bank AG raised its position in BigBear.ai by 4.6% during the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after buying an additional 2,427 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in BigBear.ai by 68.4% during the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock valued at $42,000 after buying an additional 2,527 shares during the period. 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.