BigBear.ai (NYSE:BBAI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BigBear.ai (NYSE:BBAI) from a strong sell rating to a hold rating in a research report released on Saturday morning.

Other equities research analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, October 8th. HC Wainwright reiterated a “buy” rating and issued a $8.00 price target on shares of BigBear.ai in a research note on Tuesday, November 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $7.00 price objective 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BigBear.ai currently has an average rating of “Hold” and an average target price of $6.33.

BigBear.ai Price Performance

BigBear.ai stock opened at $5.55 on Friday. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $5.81. The stock has a market cap of $2.42 billion, a P/E ratio of -3.91 and a beta of 3.42. BigBear.ai has a 12-month low of $1.70 and a 12-month high of $10.36.

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

Insiders Place Their Bets

In other news, CFO Sean Raymond Ricker sold 11,978 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Institutional Trading of BigBear.ai

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