BigBear.ai (NYSE:BBAI) Shares Down 8% – Should You Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 8% during mid-day trading on Friday. The stock traded as low as $1.90 and last traded at $1.9050. 16,712,900 shares traded hands during trading, a decline of 53% from the average session volume of 35,517,504 shares. The stock had previously closed at $2.07.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Thursday, October 15th. Wall Street Zen cut shares of BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Cantor Fitzgerald lowered their target price on shares of BigBear.ai from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. Finally, Citigroup restated a “market perform” rating on shares of BigBear.ai in a report on Wednesday, October 28th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BigBear.ai currently has an average rating of “Hold” and a consensus target price of $4.50.

BigBear.ai Trading Down 8.5%

The business has a fifty day moving average of $2.52 and a 200-day moving average of $3.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.92 and a current ratio of 4.92. The company has a market capitalization of $912.23 million, a P/E ratio of -5.12 and a beta of 3.37.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, October 27th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.13). The company had revenue of $43.58 million for the quarter, compared to the consensus estimate of $29.93 million. BigBear.ai had a negative return on equity of 15.17% and a negative net margin of 126.84%. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) earnings per share. Analysts anticipate that BigBear.ai Holdings, Inc. will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in BigBear.ai by 11.8% during the first quarter. Principal Financial Group Inc. now owns 22,698 shares of the company’s stock worth $80,000 after buying an additional 2,391 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of BigBear.ai by 29.2% in the 1st quarter. Kestra Advisory Services LLC now owns 18,424 shares of the company’s stock valued at $65,000 after acquiring an additional 4,159 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of BigBear.ai by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,264,406 shares of the company’s stock valued at $4,451,000 after acquiring an additional 6,365 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of BigBear.ai by 34.2% in the 1st quarter. Sanctuary Advisors LLC now owns 25,517 shares of the company’s stock valued at $90,000 after acquiring an additional 6,506 shares during the period. Finally, DV Trading LLC increased its holdings in shares of BigBear.ai by 160.8% in the 1st quarter. DV Trading LLC now owns 13,344 shares of the company’s stock valued at $47,000 after acquiring an additional 8,227 shares during the period. Hedge funds and other institutional investors own 7.55% of the company’s stock.

About BigBear.ai

BigBear.ai Holdings, Inc. provides artificial intelligence and decision-intelligence solutions that help organizations analyze data and support complex operational decisions. Its services include data integration, predictive analytics, machine learning and computer vision, with applications in areas such as national security, defense, supply chain management and travel security. The company serves U.S. government customers as well as commercial organizations. Its offerings are designed to help customers combine information from multiple sources, identify patterns and improve planning and operational awareness.