Cetera Investment Advisers Has $210,000 Stock Holdings in BigBear.ai Holdings, Inc. $BBAI

Key Points

• Cetera Investment Advisers increased its stake in BigBear.ai by 194.5%, acquiring an additional 48,407 shares, bringing their total holdings to 73,299 shares valued at approximately $210,000.
• HC Wainwright has lowered its price target on BigBear.ai from $9.00 to $8.00 while maintaining a "buy" rating, indicating a mixed sentiment among analysts with a consensus rating of "Moderate Buy" and target price of $6.00.
• BigBear.ai reported a quarterly revenue of $32.47 million, falling short of the consensus estimate of $41.18 million, and a negative net margin of 269.28% for the period.

Cetera Investment Advisers grew its stake in BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) by 194.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,299 shares of the company's stock after purchasing an additional 48,407 shares during the quarter. Cetera Investment Advisers' holdings in BigBear.ai were worth $210,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Avantax Advisory Services Inc. bought a new position in shares of BigBear.ai in the first quarter valued at about $49,000. KLP Kapitalforvaltning AS bought a new position in shares of BigBear.ai in the first quarter valued at about $104,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of BigBear.ai in the first quarter valued at about $115,000. Choreo LLC raised its position in shares of BigBear.ai by 25.3% in the first quarter. Choreo LLC now owns 18,817 shares of the company's stock valued at $54,000 after purchasing an additional 3,802 shares during the period. Finally, PFG Advisors raised its position in shares of BigBear.ai by 97.3% in the first quarter. PFG Advisors now owns 78,445 shares of the company's stock valued at $224,000 after purchasing an additional 38,695 shares during the period. 7.55% of the stock is owned by institutional investors.

BigBear.ai Stock Performance

NYSE:BBAI traded up $0.04 during mid-day trading on Tuesday, reaching $5.34. 52,860,243 shares of the company's stock were exchanged, compared to its average volume of 78,609,336. BigBear.ai Holdings, Inc. has a one year low of $1.29 and a one year high of $10.36. The firm has a market capitalization of $1.98 billion, a PE ratio of -3.71 and a beta of 3.44. The business's fifty day simple moving average is $6.46 and its two-hundred day simple moving average is $4.89. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current 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) EPS for the quarter, beating 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 firm had revenue of $32.47 million for the quarter, compared to analyst estimates of $41.18 million. During the same period last year, the firm earned ($0.06) EPS. The business's quarterly revenue was down 18.3% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. Analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.