BigBear.ai (NYSE:BBAI) Trading Down 4.5% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 4.5% on Friday . The company traded as low as $6.02 and last traded at $6.0550. 90,192,403 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 95,409,852 shares. The stock had previously closed at $6.34.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BBAI. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday. HC Wainwright reiterated a “buy” rating and issued a $8.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. Cantor Fitzgerald restated an “overweight” rating and set a $7.00 price target on shares of BigBear.ai in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $6.33.

BigBear.ai Price Performance

The business has a fifty day simple moving average of $6.68 and a 200-day simple moving average of $5.78. The stock has a market capitalization of $2.64 billion, a P/E ratio of -4.26 and a beta of 3.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.91 and a current ratio of 3.13.

BigBear.ai (NYSE:BBAI) last issued its earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) 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 the consensus estimate of $31.82 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The firm’s revenue was down 20.1% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. Sell-side analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Sean Raymond Ricker sold 11,978 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $5.35, for a total transaction of $64,082.30. Following the transaction, the chief financial officer directly owned 296,345 shares of the company’s stock, valued at approximately $1,585,445.75. This represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.54% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors have recently modified their holdings of the company. Flaharty Asset Management LLC purchased a new stake in shares of BigBear.ai in the first quarter valued at about $26,000. CWM LLC grew its position in BigBear.ai by 237.5% in the 3rd quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after purchasing an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in BigBear.ai by 3,355.6% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after buying an additional 4,832 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in shares of BigBear.ai by 2,216.0% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 11,580 shares of the company’s stock worth $33,000 after buying an additional 11,080 shares in the last quarter. Finally, Alpine Global Management LLC purchased a new position in shares of BigBear.ai in the 1st quarter worth approximately $34,000. 7.55% of the stock is owned by institutional investors and hedge funds.

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.