BigBear.ai (NYSE:BBAI) Stock Price Down 1.2% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price dropped 1.2% during mid-day trading on Friday . The stock traded as low as $6.90 and last traded at $7.18. Approximately 86,851,733 shares were traded during trading, a decline of 1% from the average daily volume of 87,717,773 shares. The stock had previously closed at $7.27.

Wall Street Analysts Forecast Growth

BBAI has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a research note on Saturday, September 27th. HC Wainwright cut their price target on BigBear.ai from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BigBear.ai currently has an average rating of “Hold” and an average target price of $6.00.

BigBear.ai Trading Down 1.2%

The stock has a market cap of $2.66 billion, a PE ratio of -4.99 and a beta of 3.43. The business has a 50-day moving average of $6.05 and a 200 day moving average of $4.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.91 and a current ratio of 1.91.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $32.47 million during the quarter, compared to analysts’ expectations of $41.18 million. BigBear.ai had a negative return on equity of 48.11% and a negative net margin of 269.28%.The firm’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) EPS. BigBear.ai has set its FY 2025 guidance at EPS. Equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other BigBear.ai news, CFO Sean Raymond Ricker sold 11,978 shares of BigBear.ai stock in a transaction dated 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 owned 296,345 shares in the company, valued at $1,585,445.75. The trade was a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Institutional Trading of BigBear.ai

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after buying an additional 1,990,822 shares during the period. Baird Financial Group Inc. purchased a new stake in BigBear.ai in the 1st quarter valued at about $286,000. McGuire Investment Group LLC grew its holdings in BigBear.ai by 89.0% in the 2nd quarter. McGuire Investment Group LLC now owns 86,658 shares of the company’s stock valued at $588,000 after buying an additional 40,806 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of BigBear.ai in the 4th quarter valued at about $81,000. Finally, Swiss National Bank acquired a new position in shares of BigBear.ai in the 1st quarter valued at about $1,045,000. 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.