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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price traded down 1.2% during mid-day trading on Wednesday . The company traded as low as $5.96 and last traded at $6.0450. 28,111,152 shares changed hands during trading, a decline of 71% from the average session volume of 96,404,234 shares. The stock had previously closed at $6.12.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Finally, HC Wainwright reiterated a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a report on Tuesday, November 11th. 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 MarketBeat, the company has a consensus rating of “Hold” and an average target price of $6.33.

BigBear.ai Trading Down 1.2%

The company has a fifty day simple moving average of $6.38 and a two-hundred day simple moving average of $6.27. The company has a market capitalization of $2.64 billion, a P/E ratio of -4.26 and a beta of 3.44. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13.

BigBear.ai (NYSE:BBAI) last released its quarterly 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 quarter last year, the company posted ($0.05) EPS. The business’s revenue was down 20.1% compared to the same quarter last year. On average, analysts forecast 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 5,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $7.06, for a total value of $35,300.00. Following the transaction, the chief financial officer directly owned 488,716 shares in the company, valued at approximately $3,450,334.96. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total transaction of $133,760.00. Following the completion of the transaction, the director owned 236,150 shares in the company, valued at $1,435,792. This trade represents a 8.52% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in BigBear.ai by 9.2% during the 1st 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 last quarter. Deutsche Bank AG increased its holdings in shares of BigBear.ai by 49.4% during the 1st quarter. Deutsche Bank AG now owns 82,252 shares of the company’s stock worth $235,000 after purchasing an additional 27,197 shares during the period. Swiss National Bank acquired a new position in shares of BigBear.ai during the first quarter valued at about $1,045,000. Invesco Ltd. raised its position in shares of BigBear.ai by 26.4% during the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after buying an additional 5,579 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of BigBear.ai in the first quarter valued at about $878,000. Institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

BigBear.ai is a provider of artificial intelligence (AI) and data analytics solutions designed to deliver actionable insights for public sector and commercial clients. Headquartered in Columbia, Maryland, the company specializes in advanced analytics, machine learning, predictive modeling and network analysis to support decision-making in complex, data-rich environments. Its clientele spans defense and intelligence agencies, civil government organizations and enterprise businesses seeking to enhance mission outcomes and operational efficiency.

The company’s flagship offerings include an AI-driven analytics platform that integrates data engineering, algorithm development and visualization tools.