BigBear.ai (NYSE:BBAI) Trading Down 2.1% - What's Next?

Key Points

• BigBear.ai's stock (NYSE:BBAI) fell by 2.1% to $5.05, with trading volume dropping significantly to 16.5 million shares, indicating a low investor interest compared to its average volume.
• HC Wainwright has lowered its price target for BigBear.ai from $9.00 to $8.00, while maintaining a "buy" rating, reflecting cautious optimism among analysts.
• In its latest earnings report, BigBear.ai reported a loss of $0.06 per share, beating expectations but showing a 18.3% decline in revenue year-over-year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) traded down 2.1% during mid-day trading on Friday . The stock traded as low as $4.95 and last traded at $5.05. 16,522,102 shares were traded during trading, a decline of 81% from the average session volume of 86,511,672 shares. The stock had previously closed at $5.16.

Wall Street Analysts Forecast Growth

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

BigBear.ai Price Performance

The company has a market cap of $1.90 billion, a P/E ratio of -3.56 and a beta of 3.44. The company has a fifty day simple moving average of $6.50 and a 200-day simple moving average of $4.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. The company had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same period in the previous year, the business earned ($0.06) EPS. The company's revenue was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, sell-side analysts predict 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, CFO Sean Raymond Ricker sold 11,978 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the sale, the chief financial officer directly owned 296,345 shares of the company's stock, valued at $1,585,445.75. The trade was a 3.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds have recently modified their holdings of the stock. Marex Group plc acquired a new position in shares of BigBear.ai in the second quarter worth $1,411,000. Headlands Technologies LLC increased its position in BigBear.ai by 210.8% during the second quarter. Headlands Technologies LLC now owns 1,962,073 shares of the company's stock worth $13,322,000 after buying an additional 1,330,729 shares during the last quarter. Corient Private Wealth LLC increased its position in BigBear.ai by 26.2% during the second quarter. Corient Private Wealth LLC now owns 27,450 shares of the company's stock worth $186,000 after buying an additional 5,700 shares during the last quarter. Captrust Financial Advisors increased its position in BigBear.ai by 139.5% during the second quarter. Captrust Financial Advisors now owns 1,506,922 shares of the company's stock worth $10,232,000 after buying an additional 877,685 shares during the last quarter. Finally, Two Sigma Securities LLC increased its position in BigBear.ai by 487.6% during the second quarter. Two Sigma Securities LLC now owns 364,460 shares of the company's stock worth $2,475,000 after buying an additional 302,436 shares during the last quarter. 7.55% of the stock is owned by institutional investors and hedge funds.

BigBear.ai Company Profile

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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