BigBear.ai (NYSE:BBAI) Trading Down 4.9% - Here's Why

Key Points

• BigBear.ai's stock fell by 4.9% during mid-day trading, reaching a low of $7.54 and closing at $7.60, with increased trading volume of 128 million shares.
• HC Wainwright reduced its price target for BigBear.ai from $9.00 to $8.00, while maintaining a "buy" rating on the stock.
• The company reported a revenue of $32.47 million for the quarter, falling short of analyst estimates, and expects a -0.28 EPS for the current year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price traded down 4.9% during mid-day trading on Wednesday . The company traded as low as $7.54 and last traded at $7.60. 128,194,282 shares traded hands during mid-day trading, an increase of 46% from the average session volume of 87,842,523 shares. The stock had previously closed at $7.99.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Down 4.9%

The company has a debt-to-equity ratio of 0.42, a current ratio of 1.91 and a quick ratio of 1.91. The company has a market cap of $2.82 billion, a PE ratio of -5.27 and a beta of 3.40. The company has a fifty day moving average price of $6.16 and a 200 day moving average price of $4.72.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 48.11% and a negative net margin of 269.28%.The company had revenue of $32.47 million during the quarter, compared to analyst estimates of $41.18 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. BigBear.ai's revenue was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. As a group, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 owned 296,345 shares of the company's stock, valued at $1,585,445.75. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of BigBear.ai

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its position in BigBear.ai by 22.3% in the second 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 lifted its position in BigBear.ai by 11.1% in the second quarter. Janney Montgomery Scott LLC now owns 23,320 shares of the company's stock valued at $158,000 after purchasing an additional 2,325 shares during the last quarter. Deutsche Bank AG lifted its position in BigBear.ai by 4.6% in the fourth quarter. Deutsche Bank AG now owns 55,055 shares of the company's stock valued at $245,000 after purchasing an additional 2,427 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in BigBear.ai by 68.4% in the second quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company's stock valued at $42,000 after purchasing an additional 2,527 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of BigBear.ai by 36.6% during the second quarter. Allworth Financial LP now owns 9,765 shares of the company's stock valued at $66,000 after acquiring an additional 2,615 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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