BigBear.ai (NYSE:BBAI) Releases Quarterly Earnings Results

BigBear.ai (NYSE:BBAI) released its earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02, Briefing.com reports. The company had revenue of $39.78 million during the quarter, compared to analyst estimates of $46.55 million. During the same period in the previous year, the firm posted ($0.12) EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. BigBear.ai updated its FY 2024 guidance to EPS.

BigBear.ai Price Performance

Shares of NYSE BBAI traded down $0.06 during trading on Friday, reaching $1.34. The company had a trading volume of 4,151,137 shares, compared to its average volume of 2,979,085. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 1.90. BigBear.ai has a twelve month low of $1.16 and a twelve month high of $4.80. The stock has a 50-day moving average price of $1.45 and a two-hundred day moving average price of $1.80. The stock has a market capitalization of $329.75 million, a PE ratio of -1.49 and a beta of 3.52.

Analyst Ratings Changes

Separately, HC Wainwright reduced their target price on shares of BigBear.ai from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Friday.

Insider Activity at BigBear.ai

In other news, Director Pamela Joyce Braden purchased 140,939 shares of the stock in a transaction dated Monday, June 3rd. The stock was acquired at an average cost of $1.49 per share, for a total transaction of $209,999.11. Following the completion of the acquisition, the director now directly owns 446,396 shares in the company, valued at approximately $665,130.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.40% 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.