BigBear.ai (NYSE:BBAI) Shares Down 7% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 7% during mid-day trading on Thursday . The company traded as low as $6.60 and last traded at $6.67. Approximately 13,824,281 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 95,007,008 shares. The stock had previously closed at $7.17.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price target on shares of BigBear.ai in a research note on Tuesday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 target price on shares of BigBear.ai in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $6.33.

BigBear.ai Trading Down 12.3%

The stock has a market capitalization of $2.74 billion, a PE ratio of -4.43 and a beta of 3.42. The company’s 50 day moving average price is $6.63 and its two-hundred day moving average price is $5.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 1.91.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The company had revenue of $33.14 million for the quarter, compared to analyst estimates of $31.82 million. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was down 20.1% on a year-over-year basis. BigBear.ai has set its FY 2025 guidance at EPS. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Activity

In related news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai 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 transaction, the chief financial officer directly 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 document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

Institutional Trading of BigBear.ai

Institutional investors and hedge funds have recently bought and sold shares of the business. Arizona State Retirement System raised its holdings in shares of BigBear.ai by 2.2% in the third quarter. Arizona State Retirement System now owns 86,166 shares of the company’s stock valued at $562,000 after buying an additional 1,823 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in BigBear.ai by 22.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,344 shares of the company’s stock valued at $70,000 after acquiring an additional 1,885 shares during the last quarter. Pure Financial Advisors LLC grew its stake in shares of BigBear.ai by 19.4% in the 3rd quarter. Pure Financial Advisors LLC now owns 12,060 shares of the company’s stock valued at $79,000 after purchasing an additional 1,960 shares during the last quarter. Toth Financial Advisory Corp raised its stake in shares of BigBear.ai by 20.0% during the third quarter. Toth Financial Advisory Corp now owns 12,000 shares of the company’s stock worth $78,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Wealthspan Partners LLC lifted its holdings in shares of BigBear.ai by 16.0% during the third quarter. Wealthspan Partners LLC now owns 16,350 shares of the company’s stock worth $107,000 after purchasing an additional 2,250 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.