R Squared Ltd Buys Shares of 78,538 BigBear.ai Holdings, Inc. $BBAI

Key Points

• R Squared Ltd has acquired 78,538 shares of BigBear.ai Holdings, Inc. for approximately $533,000, indicating a growing interest from institutional investors in the company.
• Analysts have set an average target price of $6.00 for BigBear.ai, with ratings spanning from "Buy" to "Sell" alongside a hold rating from most analysts.
• Despite a revenue decline of 18.3% year-over-year, BigBear.ai reported an EPS of (0.06), beating analysts' expectations by $0.01.

R Squared Ltd purchased a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 78,538 shares of the company's stock, valued at approximately $533,000.

Several other large investors have also modified their holdings of BBAI. Bleakley Financial Group LLC acquired a new stake in BigBear.ai during the 2nd quarter valued at $204,000. Aire Advisors LLC purchased a new position in shares of BigBear.ai during the second quarter valued at approximately $121,000. Wealthspan Partners LLC purchased a new stake in BigBear.ai in the 2nd quarter worth approximately $96,000. Sovereign Financial Group Inc. raised its holdings in BigBear.ai by 19.6% in the 2nd quarter. Sovereign Financial Group Inc. now owns 56,042 shares of the company's stock valued at $381,000 after acquiring an additional 9,177 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of BigBear.ai by 45.6% during the second quarter. Apollon Wealth Management LLC now owns 52,050 shares of the company's stock worth $353,000 after purchasing an additional 16,300 shares during the last quarter. 7.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BBAI has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of BigBear.ai in a research report on Wednesday, October 8th. HC Wainwright lowered their price objective on shares of 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 investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $6.00.

Insider Activity at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,585,445.75. This trade represents a 3.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

BigBear.ai Trading Up 2.8%

Shares of BBAI stock opened at $6.80 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.42. BigBear.ai Holdings, Inc. has a fifty-two week low of $1.51 and a fifty-two week high of $10.36. The firm's 50 day moving average price is $6.34 and its two-hundred day moving average price is $5.35. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -4.72 and a beta of 3.43.

BigBear.ai (NYSE:BBAI - Get Free Report) last issued its earnings results on Monday, August 11th. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $32.47 million for the quarter, compared to the consensus estimate of $41.18 million. During the same quarter last year, the firm posted ($0.06) EPS. 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 anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

BigBear.ai 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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