Swiss National Bank Makes New Investment in BigBear.ai Holdings, Inc. $BBAI

Key Points

• The Swiss National Bank acquired a new stake in BigBear.ai Holdings, Inc. with an investment of approximately $1,045,000, holding about 0.13% of the company's stock.
• Institutional investors collectively own 7.55% of BigBear.ai, with Vanguard Group increasing their position by 9.2% to hold over 6.3 million shares.
• Analysts have a consensus rating of "Moderate Buy" for BigBear.ai, with a revised average price target of $6.00, reflecting a drop from previous estimates.

Swiss National Bank acquired a new stake in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 365,500 shares of the company's stock, valued at approximately $1,045,000. Swiss National Bank owned approximately 0.13% of BigBear.ai as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AE Industrial Partners LP bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $284,721,000. Vanguard Group Inc. raised its position in shares of BigBear.ai by 9.2% in the first quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company's stock valued at $18,091,000 after purchasing an additional 534,963 shares during the period. TFG Asset Management GP Ltd bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $4,005,000. Northern Trust Corp raised its position in shares of BigBear.ai by 10.5% in the fourth quarter. Northern Trust Corp now owns 839,503 shares of the company's stock valued at $3,736,000 after purchasing an additional 79,593 shares during the period. Finally, Soviero Asset Management LP bought a new position in shares of BigBear.ai in the fourth quarter valued at approximately $3,248,000. Institutional investors own 7.55% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright dropped their price target 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $6.00.

BigBear.ai Stock Performance

Shares of BigBear.ai stock traded up $0.04 during trading on Tuesday, reaching $5.34. The company's stock had a trading volume of 52,860,243 shares, compared to its average volume of 78,609,336. The business's 50-day moving average price is $6.46 and its 200-day moving average price is $4.89. The firm has a market cap of $1.98 billion, a PE ratio of -3.71 and a beta of 3.44. BigBear.ai Holdings, Inc. has a 52 week low of $1.29 and a 52 week high of $10.36. 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 (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, beating analysts' consensus estimates of ($0.07) by $0.01. The company had revenue of $32.47 million during the quarter, compared to analysts' expectations of $41.18 million. BigBear.ai had a negative net margin of 269.28% and a negative return on equity of 48.11%. BigBear.ai's quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.06) earnings per share. BigBear.ai has set its FY 2025 guidance at EPS. Equities analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 earnings per share 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.