BigBear.ai (NYSE:BBAI) Trading Down 3% - Here's Why

Key Points

• BigBear.ai stock declined by 3% during trading, closing at $7.46, down from a previous close of $7.69.
• Analyst ratings show divided opinions, with two firms rating the stock as a "Buy" and one as a "Sell," resulting in a consensus rating of "Hold."
• The company's recent earnings report revealed a revenue decrease of 18.3% year-over-year, with a reported loss per share of ($0.06), slightly above estimates.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) fell 3% during trading on Tuesday . The company traded as low as $7.12 and last traded at $7.46. 94,102,162 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 87,978,813 shares. The stock had previously closed at $7.69.

Analyst Ratings Changes

A number of research firms recently commented on BBAI. HC Wainwright dropped their target price on shares of BigBear.ai from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d-)" rating on shares of BigBear.ai in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $6.00.

BigBear.ai Price Performance

The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.76 billion, a P/E ratio of -5.18 and a beta of 3.43. The company's 50-day simple moving average is $6.07 and its 200 day simple moving average is $4.97.

BigBear.ai (NYSE:BBAI - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $41.18 million. During the same period in the previous year, the firm posted ($0.06) earnings per share. The company's revenue for the quarter was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at BigBear.ai

In other 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 value of $64,082.30. Following the completion of the sale, the chief financial officer directly owned 296,345 shares in the company, valued at approximately $1,585,445.75. The trade was a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its stake in BigBear.ai by 22.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,344 shares of the company's stock valued at $70,000 after purchasing an additional 1,885 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of BigBear.ai by 11.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock valued at $158,000 after buying an additional 2,325 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of BigBear.ai by 68.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock worth $42,000 after purchasing an additional 2,527 shares during the last quarter. Allworth Financial LP grew its holdings in shares of BigBear.ai by 36.6% in the 2nd quarter. Allworth Financial LP now owns 9,765 shares of the company's stock worth $66,000 after purchasing an additional 2,615 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its holdings in shares of BigBear.ai by 3.1% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 114,035 shares of the company's stock worth $774,000 after purchasing an additional 3,405 shares during the last quarter. 7.55% of the stock is currently 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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