BigBear.ai (NYSE:BBAI) Stock Price Down 1.6% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price was down 1.6% during trading on Friday . The stock traded as low as $5.03 and last traded at $5.42. Approximately 97,001,354 shares were traded during trading, an increase of 2% from the average daily volume of 95,408,922 shares. The stock had previously closed at $5.51.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BBAI. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. HC Wainwright restated a “buy” rating and set a $8.00 price target on shares of BigBear.ai in a research note on Tuesday, November 11th. Finally, Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, BigBear.ai currently has a consensus rating of “Hold” and a consensus target price of $6.33.

BigBear.ai Stock Down 1.6%

The business has a 50-day simple moving average of $6.75 and a two-hundred day simple moving average of $5.83. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of -3.82 and a beta of 3.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.13 and a current ratio of 3.13.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.07) 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 analysts’ expectations of $31.82 million. During the same quarter last year, the company earned ($0.05) EPS. BigBear.ai’s revenue for the quarter was down 20.1% compared to the same quarter last year. BigBear.ai has set its FY 2025 guidance at EPS. As a group, equities analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigBear.ai

In other news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the sale, the director owned 236,150 shares of the company’s stock, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sean Raymond Ricker sold 11,978 shares of the business’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,980 shares of company stock valued at $197,853 in the last 90 days. Company insiders own 0.54% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

A number of large investors have recently modified their holdings of the business. Flaharty Asset Management LLC purchased a new stake in shares of BigBear.ai in the first quarter valued at approximately $26,000. CWM LLC raised its position in BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company’s stock worth $30,000 after acquiring an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in BigBear.ai by 3,355.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after acquiring an additional 4,832 shares during the period. Alpine Global Management LLC acquired a new stake in BigBear.ai in the first quarter valued at $34,000. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of BigBear.ai during the 1st quarter worth $37,000. 7.55% of the stock is owned by hedge funds and other institutional investors.

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.