BigBear.ai (NYSE:BBAI) Trading 5.4% Higher - Here's What Happened

Key Points

• Shares rose 5.4% intraday to $3.53, trading as high as $3.62 with mid-day volume of ~24.0M shares—about 54% below the average session volume.
• Analysts are mixed: the consensus rating is "Hold" with a $5.50 average target after recent target cuts and a split of one Buy, one Hold and one Sell.
• BigBear.ai beat EPS expectations ($0.01 loss vs. $0.05 expected) but missed on revenue at $27.3M (down 37.7% YoY), and the company still reports negative margins and return on equity.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded up 5.4% during trading on Tuesday . The stock traded as high as $3.62 and last traded at $3.53. 23,956,432 shares were traded during mid-day trading, a decline of 54% from the average session volume of 51,683,398 shares. The stock had previously closed at $3.35.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BigBear.ai in a research note on Wednesday, January 21st. HC Wainwright decreased their target price on BigBear.ai from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Tuesday, March 3rd. Wall Street Zen lowered BigBear.ai from a "hold" rating to a "sell" rating in a research note on Saturday, January 10th. Finally, Cantor Fitzgerald decreased their target price on BigBear.ai from $6.00 to $5.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.50.

BigBear.ai Trading Up 5.4%

The company has a 50 day moving average of $3.89 and a 200-day moving average of $5.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.78 and a current ratio of 1.78. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -3.53 and a beta of 3.47.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative return on equity of 18.22% and a negative net margin of 230.21%.The firm had revenue of $27.30 million for the quarter, compared to analyst estimates of $33.31 million. During the same quarter in the prior year, the company earned ($0.43) EPS. BigBear.ai's revenue was down 37.7% on a year-over-year basis. On average, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, Director Pamela Joyce Braden sold 80,000 shares of the company's stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the sale, the director owned 508,687 shares in the company, valued at $2,034,748. This represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC raised its position in BigBear.ai by 617.5% in the 4th quarter. Root Financial Partners LLC now owns 5,381 shares of the company's stock valued at $29,000 after purchasing an additional 4,631 shares in the last quarter. CWM LLC raised its position in BigBear.ai by 237.5% in the 3rd quarter. CWM LLC now owns 4,640 shares of the company's stock valued at $30,000 after purchasing an additional 3,265 shares in the last quarter. PNC Financial Services Group Inc. raised its position in BigBear.ai by 150.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company's stock valued at $30,000 after purchasing an additional 3,392 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of BigBear.ai by 3,355.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company's stock valued at $32,000 after purchasing an additional 4,832 shares during the last quarter. Finally, HM Payson & Co. raised its holdings in shares of BigBear.ai by 616.9% in the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company's stock valued at $39,000 after purchasing an additional 6,169 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company's stock.

About BigBear.ai

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.

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