BigBear.ai (NYSE:BBAI) Trading Down 5.6% – Time to Sell?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares were down 5.6% during mid-day trading on Tuesday . The stock traded as low as $2.95 and last traded at $2.9550. Approximately 4,716,874 shares were traded during mid-day trading, a decline of 88% from the average session volume of 40,903,934 shares. The stock had previously closed at $3.13.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BBAI shares. 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 price target on BigBear.ai from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.00.

BigBear.ai Price Performance

The company’s fifty day simple moving average is $3.17 and its 200-day simple moving average is $3.69. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.41 billion, a P/E ratio of -14.05 and a beta of 3.35.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Thursday, July 30th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.The business had revenue of $36.75 million for the quarter, compared to the consensus estimate of $36.37 million. During the same period in the previous year, the business earned ($0.71) EPS. BigBear.ai’s revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp acquired a new position in shares of BigBear.ai in the fourth quarter valued at $46,675,000. UBS Group AG raised its position in BigBear.ai by 145.7% during the 4th quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock worth $56,089,000 after purchasing an additional 6,158,665 shares during the last quarter. Vanguard Group Inc. grew its holdings in BigBear.ai by 18.4% during the 4th quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock worth $176,555,000 after acquiring an additional 5,090,508 shares during the period. Two Sigma Investments LP grew its stake in shares of BigBear.ai by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock valued at $31,974,000 after buying an additional 3,056,597 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of BigBear.ai by 35.9% in the fourth quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock worth $55,347,000 after purchasing an additional 2,706,195 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

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.