BigBear.ai (NYSE:BBAI) Trading Down 1.8% - What's Next?

Key Points

• BigBear.ai's stock dropped 1.8% on Wednesday, trading as low as $5.24, with a significant decline in trading volume by 77% from its average.
• Analysts have adjusted their price target for BigBear.ai from $9.00 to $8.00, while the company's current consensus rating is "Moderate Buy" with an average price target of $6.00.
• In its latest earnings report, BigBear.ai beat EPS estimates with ($0.06) but reported a revenue decline of 18.3% year-over-year, totaling $32.47 million.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) was down 1.8% on Wednesday . The stock traded as low as $5.24 and last traded at $5.40. Approximately 20,094,143 shares were traded during trading, a decline of 77% from the average daily volume of 88,164,219 shares. The stock had previously closed at $5.50.

Analysts Set New Price Targets

Separately, HC Wainwright decreased their price target on BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, BigBear.ai has a consensus rating of "Moderate Buy" and an average price target of $6.00.

BigBear.ai Trading Up 1.2%

The stock has a market cap of $1.62 billion, a PE ratio of -3.87 and a beta of 3.44. The business has a 50-day moving average of $6.30 and a 200 day moving average of $4.92. 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 posted its quarterly earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. The company had revenue of $32.47 million during the quarter, compared to analysts' expectations of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm's revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. Equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other BigBear.ai news, CFO Julie Peffer sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.40, for a total value of $220,000.00. Following the completion of the transaction, the chief financial officer owned 634,153 shares in the company, valued at $2,790,273.20. This represents a 7.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC raised its position in shares of BigBear.ai by 316.0% in the 4th quarter. LPL Financial LLC now owns 149,098 shares of the company's stock valued at $663,000 after purchasing an additional 113,253 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of BigBear.ai by 12.3% in the 4th quarter. JPMorgan Chase & Co. now owns 51,166 shares of the company's stock valued at $228,000 after purchasing an additional 5,591 shares in the last quarter. Geode Capital Management LLC raised its position in shares of BigBear.ai by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 2,197,296 shares of the company's stock valued at $9,780,000 after purchasing an additional 38,858 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of BigBear.ai by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 78,458 shares of the company's stock valued at $349,000 after purchasing an additional 3,797 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of BigBear.ai by 8.3% during the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock valued at $94,000 after acquiring an additional 1,629 shares in the last quarter. Hedge funds and other 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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