BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares fell 3.6% on Tuesday . The company traded as low as $3.08 and last traded at $3.10. 17,506,706 shares traded hands during trading, a decline of 36% from the average session volume of 27,163,315 shares. The stock had previously closed at $3.21.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. HC Wainwright decreased their price objective on shares of BigBear.ai from $7.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Cantor Fitzgerald decreased their price target on shares of BigBear.ai from $8.00 to $6.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Northland Capmk lowered shares of BigBear.ai from a "strong-buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Northland Securities lowered shares of BigBear.ai from an "outperform" rating to a "market perform" rating and upped their target price for the company from $2.50 to $4.00 in a research note on Friday, March 7th.
View Our Latest Stock Analysis on BBAI
BigBear.ai Stock Performance
The firm has a fifty day moving average price of $3.17 and a 200 day moving average price of $3.59. The firm has a market capitalization of $939.08 million, a PE ratio of -3.57 and a beta of 3.32. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.06 and a quick ratio of 2.06.
BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.04). BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company had revenue of $34.76 million for the quarter, compared to analyst estimates of $36.26 million. During the same period last year, the business earned ($0.67) EPS. The company's quarterly revenue was up 4.9% on a year-over-year basis. Research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CAO Sean Raymond Ricker sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $3.33, for a total value of $33,300.00. Following the completion of the sale, the chief accounting officer now directly owns 293,639 shares in the company, valued at approximately $977,817.87. The trade was a 3.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 48,232 shares of company stock valued at $171,297 over the last quarter. Insiders own 1.00% of the company's stock.
Institutional Trading of BigBear.ai
Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC boosted its holdings in BigBear.ai by 310.3% during the third quarter. Barclays PLC now owns 141,766 shares of the company's stock valued at $208,000 after acquiring an additional 107,214 shares during the period. Sovereign Financial Group Inc. lifted its holdings in shares of BigBear.ai by 699.3% during the fourth quarter. Sovereign Financial Group Inc. now owns 199,815 shares of the company's stock worth $889,000 after buying an additional 174,815 shares during the last quarter. Grove Bank & Trust grew its stake in shares of BigBear.ai by 9,172.7% in the fourth quarter. Grove Bank & Trust now owns 102,000 shares of the company's stock worth $454,000 after acquiring an additional 100,900 shares during the last quarter. Simon Quick Advisors LLC bought a new position in BigBear.ai during the fourth quarter worth $44,000. Finally, Bay Rivers Group acquired a new position in BigBear.ai during the 4th quarter valued at $48,000. 7.55% of the stock is currently owned by institutional investors and hedge funds.
About BigBear.ai
(
Get Free Report)
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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