BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares rose 4.3% on Thursday . The stock traded as high as $3.58 and last traded at $3.56. Approximately 18,514,992 shares changed hands during trading, a decline of 30% from the average daily volume of 26,358,339 shares. The stock had previously closed at $3.41.
Wall Street Analysts Forecast Growth
BBAI has been the subject of several research reports. HC Wainwright reduced their price target on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Northland Securities cut shares of BigBear.ai from an "outperform" rating to a "market perform" rating and boosted their price target for the stock from $2.50 to $4.00 in a research note on Friday, March 7th. Northland Capmk lowered BigBear.ai from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Cantor Fitzgerald dropped their price target on BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research note on Friday, March 7th.
Check Out Our Latest Analysis on BigBear.ai
BigBear.ai Trading Down 7.3 %
The company has a market cap of $900.26 million, a PE ratio of -3.42 and a beta of 3.34. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a fifty day moving average of $3.30 and a 200-day moving average of $3.59.
BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). The company had revenue of $34.76 million for the quarter, compared to the consensus estimate of $36.26 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company's quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.67) EPS. Sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CAO Sean Raymond Ricker sold 36,166 shares of BigBear.ai stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $3.65, for a total transaction of $132,005.90. Following the transaction, the chief accounting officer now directly owns 223,070 shares of the company's stock, valued at $814,205.50. This trade represents a 13.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.00% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in BigBear.ai by 28.6% in the third quarter. Geode Capital Management LLC now owns 2,158,438 shares of the company's stock valued at $3,152,000 after buying an additional 479,401 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of BigBear.ai during the 4th quarter valued at about $325,000. Barclays PLC lifted its stake in shares of BigBear.ai by 310.3% in the 3rd quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after purchasing an additional 107,214 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of BigBear.ai by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 298,596 shares of the company's stock valued at $1,329,000 after acquiring an additional 8,879 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in BigBear.ai by 198.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 93,220 shares of the company's stock valued at $415,000 after purchasing an additional 61,998 shares during the period. 7.55% of the stock is currently owned by hedge funds and other institutional investors.
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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