BigBear.ai (NYSE:BBAI) Trading Down 1.8% - Time to Sell?

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) traded down 1.8% on Wednesday . The company traded as low as $5.24 and last traded at $5.40. 20,094,143 shares traded hands during trading, a decline of 77% from the average session volume of 88,164,219 shares. The stock had previously closed at $5.50.

Analyst Ratings Changes

Separately, HC Wainwright decreased their price objective 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 investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, BigBear.ai currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

BigBear.ai Stock Down 0.1%

The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.42. The stock has a 50 day simple moving average of $6.41 and a 200 day simple moving average of $4.92. The firm has a market capitalization of $2.03 billion, a PE ratio of -3.80 and a beta of 3.44.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. The business had revenue of $32.47 million for 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 business's quarterly revenue was down 18.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling at BigBear.ai

In other news, CFO Julie Peffer sold 50,000 shares of BigBear.ai 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 sale, the chief financial officer directly owned 634,153 shares in the company, valued at approximately $2,790,273.20. This trade represents a 7.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

A number of large investors have recently made changes to their positions in BBAI. JPMorgan Chase & Co. grew 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 worth $228,000 after buying an additional 5,591 shares during the last quarter. Wells Fargo & Company MN grew 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 worth $349,000 after buying an additional 3,797 shares during the last quarter. Invesco Ltd. grew its position in shares of BigBear.ai by 8.3% in the 4th quarter. Invesco Ltd. now owns 21,149 shares of the company's stock worth $94,000 after buying an additional 1,629 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of BigBear.ai in the 4th quarter worth approximately $618,000. Finally, Barclays PLC grew its position in shares of BigBear.ai by 13.9% in the 4th quarter. Barclays PLC now owns 161,457 shares of the company's stock worth $718,000 after buying an additional 19,691 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors.

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.