BigBear.ai (NYSE:BBAI) Stock Price Down 8% - Here's What Happened

Key Points

• Shares fell 8%, trading as low as $5.57 and last at $5.64 on about 64.8 million shares traded, roughly 32% below the stock's average daily volume.
• The company reported a ($0.06) EPS that narrowly beat estimates by $0.01 but missed on revenue ($32.47M vs. $41.18M est.), with revenue down 18.3% year‑over‑year and deeply negative profitability metrics (net margin -269.28%, ROE -48.11%).
• Analysts hold a consensus rating of "Hold" with a $6.00 average price target (2 Buy, 2 Hold, 1 Sell); CFO Sean Raymond Ricker recently sold 11,978 shares and insiders own just 0.54% while institutions own about 7.55%.

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) dropped 8% during trading on Thursday . The company traded as low as $5.57 and last traded at $5.64. Approximately 64,793,213 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 94,818,648 shares. The stock had previously closed at $6.13.

Analysts Set New Price Targets

BBAI has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of BigBear.ai in a report on Wednesday, October 8th. HC Wainwright cut their target price on shares of 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 investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $6.00.

BigBear.ai Trading Down 8.0%

The firm has a market cap of $2.46 billion, a price-to-earnings ratio of -3.92 and a beta of 3.42. The business's 50 day moving average price is $6.53 and its 200-day moving average price is $5.63. 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 earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates 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. Equities analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In related 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 completion of the sale, the chief financial officer owned 296,345 shares of the company's stock, valued at $1,585,445.75. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the business. CWM LLC grew its position in shares of BigBear.ai by 237.5% during the 3rd quarter. CWM LLC now owns 4,640 shares of the company's stock valued at $30,000 after buying an additional 3,265 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of BigBear.ai by 3,355.6% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company's stock valued at $32,000 after buying an additional 4,832 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of BigBear.ai by 68.4% during the 2nd 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 last quarter. Hantz Financial Services Inc. grew its position in shares of BigBear.ai by 2,242.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 8,200 shares of the company's stock valued at $53,000 after buying an additional 7,850 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new position in BigBear.ai in the 1st quarter worth about $26,000. Institutional investors 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.

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