BigBear.ai (NYSE:BBAI) Trading Down 1.2% - Here's What Happened

Key Points

• Shares were down about 1.2%, last trading near $4.20 (intraday low $3.97) on roughly 36.9 million shares, a 43% decline from average daily volume.
• Analysts have trimmed expectations and ratings—HC Wainwright cut its target to $6 (buy), Cantor Fitzgerald to $5 (neutral) and others lowered or reiterated sell/hold views, leaving an average rating of Hold and an average target of $5.50.
• BigBear.ai beat EPS estimates for the quarter (−$0.01 vs. −$0.05 est.) but missed revenue at $27.3M (consensus $33.3M), with revenue down 37.7% year-over-year and deeply negative margins and ROE.

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) were down 1.2% on Monday . The stock traded as low as $3.97 and last traded at $4.1980. Approximately 36,851,790 shares were traded during trading, a decline of 43% from the average daily volume of 64,596,750 shares. The stock had previously closed at $4.25.

Wall Street Analyst Weigh In

Several research firms have commented on BBAI. HC Wainwright dropped their target price on BigBear.ai from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd. Wall Street Zen lowered shares of BigBear.ai from a "hold" rating to a "sell" rating in a report on Saturday, January 10th. Cantor Fitzgerald reduced their target price on shares of BigBear.ai from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, March 3rd. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of BigBear.ai in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $5.50.

BigBear.ai Price Performance

The stock has a market cap of $2.00 billion, a P/E ratio of -4.20 and a beta of 3.49. The business has a 50-day simple moving average of $5.05 and a 200 day simple moving average of $5.86. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Wedbush Securities Inc. bought a new position in BigBear.ai during the second quarter worth $1,669,000. Swiss National Bank boosted its position in BigBear.ai by 51.1% during the second quarter. Swiss National Bank now owns 552,100 shares of the company's stock valued at $3,749,000 after acquiring an additional 186,600 shares during the last quarter. XTX Topco Ltd boosted its position in BigBear.ai by 980.7% during the second quarter. XTX Topco Ltd now owns 368,938 shares of the company's stock valued at $2,505,000 after acquiring an additional 334,799 shares during the last quarter. PFG Investments LLC acquired a new stake in BigBear.ai during the 3rd quarter worth about $1,593,000. Finally, JPMorgan Chase & Co. grew its holdings in BigBear.ai by 3,252.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company's stock worth $16,285,000 after acquiring an additional 2,326,883 shares during the period. 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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