Weiss Ratings Reaffirms Sell (D-) Rating for BigBear.ai (NYSE:BBAI)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for BigBear.ai (NYSE:BBAI), indicating a strongly negative outlook on the stock.
• HC Wainwright has lowered its price target for the company from $9.00 to $8.00, while two analysts rate the stock as a Buy and one as a Sell.
• BigBear.ai's stock is currently trading at $7.29, having dropped 2.0%, with a market cap of approximately $2.70 billion.

BigBear.ai (NYSE:BBAI - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, HC Wainwright decreased their price target on 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 analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $6.00.

BigBear.ai Stock Down 2.0%

Shares of NYSE:BBAI traded down $0.15 during midday trading on Wednesday, hitting $7.29. The stock had a trading volume of 119,984,160 shares, compared to its average volume of 88,147,758. BigBear.ai has a 12 month low of $1.48 and a 12 month 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. The business's 50-day simple moving average is $6.08 and its 200-day simple moving average is $4.99. The company has a market cap of $2.70 billion, a P/E ratio of -5.06 and a beta of 3.43.

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, 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 business had revenue of $32.47 million during the quarter, compared to analysts' expectations of $41.18 million. During the same period last year, the business earned ($0.06) earnings per share. The firm's revenue was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that BigBear.ai will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at BigBear.ai

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $5.35, for a total transaction of $64,082.30. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On BigBear.ai

Several institutional investors have recently added to or reduced their stakes in BBAI. Two Sigma Investments LP acquired a new position in BigBear.ai in the fourth quarter valued at approximately $70,000. Wealth Enhancement Advisory Services LLC acquired a new position in BigBear.ai in the fourth quarter valued at approximately $89,000. Rhumbline Advisers lifted its stake in BigBear.ai by 18.1% in the first quarter. Rhumbline Advisers now owns 132,012 shares of the company's stock valued at $378,000 after buying an additional 20,187 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of BigBear.ai during the first quarter worth approximately $34,000. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of BigBear.ai during the first quarter worth approximately $86,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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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