BigBear.ai (NYSE:BBAI) Trading Up 3.8% - Still a Buy?

Key Points

• BigBear.ai's stock price increased by 3.8%, trading at $7.25 with a significant trading volume of approximately 93.9 million shares.
• HC Wainwright has issued a "buy" rating for BigBear.ai while lowering the price target from $9.00 to $8.00, indicating a mixed yet optimistic outlook.
• In the most recent earnings report, BigBear.ai surpassed earnings expectations by reporting a loss of ($0.06) per share, albeit with a considerable revenue decline of 18.3% compared to the previous year.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report)'s share price was up 3.8% during trading on Thursday . The company traded as high as $7.36 and last traded at $7.25. Approximately 93,861,163 shares changed hands during trading, an increase of 7% from the average daily volume of 87,718,461 shares. The stock had previously closed at $6.98.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright dropped their price target on BigBear.ai from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, August 12th. Two equities research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $6.00.

BigBear.ai Stock Performance

The firm has a market capitalization of $2.69 billion, a P/E ratio of -5.03 and a beta of 3.43. The firm has a 50-day moving average price of $6.07 and a two-hundred day moving average price 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 released its earnings results on Monday, August 11th. The company reported ($0.06) earnings per share 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 business had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. During the same period last year, the company earned ($0.06) earnings per share. The business'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. On average, analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares in the company, valued at $1,585,445.75. This trade represents a 3.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its stake in BigBear.ai by 569.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company's stock worth $6,694,000 after buying an additional 1,990,822 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in BigBear.ai during the 1st quarter worth about $286,000. McGuire Investment Group LLC lifted its position in BigBear.ai by 89.0% during the 2nd quarter. McGuire Investment Group LLC now owns 86,658 shares of the company's stock worth $588,000 after acquiring an additional 40,806 shares during the period. Ameriprise Financial Inc. acquired a new stake in BigBear.ai during the 4th quarter worth about $81,000. Finally, Swiss National Bank acquired a new stake in BigBear.ai during the 1st quarter worth about $1,045,000. 7.55% of the stock is currently owned by hedge funds and other 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.

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