BigBear.ai (NYSE:BBAI) Trading Up 3.3% - What's Next?

Key Points

• BigBear.ai's share price increased by 3.3% to a last traded price of $7.08, with trading volume rising by 53% compared to the average session.
• HC Wainwright lowered its target price for BigBear.ai from $9.00 to $8.00 while maintaining a "buy" rating, as analysts suggest a moderate buy consensus with a target price of $6.00.
• The company reported an earnings per share (EPS) of ($0.06), slightly better than the expected ($0.07), but saw revenue decline 18.3% year-over-year to $32.47 million.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price rose 3.3% during trading on Monday . The company traded as high as $7.21 and last traded at $7.08. Approximately 132,528,736 shares traded hands during mid-day trading, an increase of 53% from the average daily volume of 86,797,117 shares. The stock had previously closed at $6.85.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright cut 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, BigBear.ai currently has an average rating of "Moderate Buy" and a consensus target price of $6.00.

BigBear.ai Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91. The stock has a fifty day simple moving average of $6.14 and a two-hundred day simple moving average of $4.69. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of -5.65 and a beta of 3.41.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. During the same period last year, the business posted ($0.06) EPS. The business's revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. Analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total value of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at $1,585,445.75. This trade represents a 3.88% decrease in their position. 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 currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock valued at $6,694,000 after purchasing an additional 1,990,822 shares during the last quarter. Baird Financial Group Inc. acquired a new position in BigBear.ai during the 1st quarter valued at about $286,000. Ameriprise Financial Inc. acquired a new position in BigBear.ai during the 4th quarter valued at about $81,000. ProShare Advisors LLC lifted its position in shares of BigBear.ai by 51.5% during the 4th quarter. ProShare Advisors LLC now owns 29,077 shares of the company's stock worth $129,000 after buying an additional 9,879 shares in the last quarter. Finally, Swiss National Bank bought a new position in shares of BigBear.ai during the 1st quarter worth approximately $1,045,000. Institutional investors and hedge funds 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.