BigBear.ai (NYSE:BBAI) Stock Price Down 1.2% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were down 1.2% during mid-day trading on Friday . The company traded as low as $6.90 and last traded at $7.18. Approximately 86,851,733 shares changed hands during trading, a decline of 1% from the average daily volume of 87,717,773 shares. The stock had previously closed at $7.27.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BBAI shares. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Saturday, September 27th. HC Wainwright lowered their target price 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 investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BigBear.ai presently has a consensus rating of “Hold” and a consensus price target of $6.00.

BigBear.ai Trading Down 1.2%

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 company has a fifty day moving average of $6.05 and a two-hundred day moving average of $4.92. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -4.99 and a beta of 3.43.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm had revenue of $32.47 million during the quarter, compared to the consensus estimate of $41.18 million. During the same period last year, the company earned ($0.06) earnings per share. The company’s revenue for the quarter was down 18.3% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. On average, research 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 BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of the firm’s stock in a transaction 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 owned 296,345 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently bought and sold shares of BBAI. Ameriprise Financial Inc. acquired a new stake in BigBear.ai in the fourth quarter valued at $81,000. Two Sigma Investments LP acquired a new stake in BigBear.ai in the fourth quarter valued at $70,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of BigBear.ai during the 4th quarter worth $89,000. Rhumbline Advisers raised its stake in shares of BigBear.ai by 18.1% during the 1st quarter. Rhumbline Advisers now owns 132,012 shares of the company’s stock worth $378,000 after buying an additional 20,187 shares during the last quarter. Finally, City State Bank acquired a new position in shares of BigBear.ai during the 1st quarter worth $29,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.