BigBear.ai (NYSE:BBAI) Trading Up 7.5% - Here's What Happened

Key Points

• BigBear.ai Holdings, Inc. (NYSE:BBAI) shares saw a significant increase of 7.5%, closing at $5.47 after trading as high as $5.64.
• HC Wainwright adjusted their target price for BigBear.ai, lowering it from $9.00 to $8.00, while maintaining a "buy" rating for the stock.
• The company reported a negative net margin of 269.28% and an 18.3% decline in year-over-year revenue for the last quarter.

BigBear.ai Holdings, Inc. (NYSE:BBAI - Get Free Report) shares were up 7.5% on Tuesday . The company traded as high as $5.64 and last traded at $5.47. Approximately 44,927,002 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 84,563,680 shares. The stock had previously closed at $5.09.

Wall Street Analyst Weigh In

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

BigBear.ai Stock Up 15.0%

The stock has a market cap of $2.17 billion, a P/E ratio of -4.06 and a beta of 3.41. 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 business has a 50-day simple moving average of $6.21 and a 200-day simple moving average of $4.62.

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, topping analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million during the quarter, compared to analysts' expectations of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The company's revenue was down 18.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. Analysts expect that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the 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 directly owned 296,345 shares of the company's stock, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On BigBear.ai

Several hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its position in BigBear.ai by 10.5% in the fourth quarter. Northern Trust Corp now owns 839,503 shares of the company's stock worth $3,736,000 after purchasing an additional 79,593 shares during the period. Ameriprise Financial Inc. bought a new position in BigBear.ai in the fourth quarter worth $81,000. BNP Paribas Financial Markets bought a new position in BigBear.ai in the fourth quarter worth $57,000. Captrust Financial Advisors bought a new position in BigBear.ai in the fourth quarter worth $45,000. Finally, 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 worth $245,000 after purchasing an additional 2,427 shares during the period. 7.55% of the stock is owned by institutional investors.

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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