BigBear.ai (NYSE:BBAI) Trading Down 4.3% – Time to Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 4.3% during trading on Monday . The stock traded as low as $5.98 and last traded at $6.0650. 72,719,508 shares were traded during mid-day trading, a decline of 24% from the average session volume of 95,147,734 shares. The stock had previously closed at $6.34.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BBAI shares. HC Wainwright reaffirmed a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. Wall Street Zen raised shares of BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $7.00 price target on shares of BigBear.ai in a research 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. Based on data from MarketBeat.com, BigBear.ai has an average rating of “Hold” and an average price target of $6.33.

BigBear.ai Price Performance

The firm has a market capitalization of $2.67 billion, a P/E ratio of -4.30 and a beta of 3.44. The stock’s 50 day simple moving average is $6.71 and its 200 day simple moving average is $6.01. 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 announced its quarterly earnings results on Monday, November 10th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $33.14 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 20.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity at BigBear.ai

In related news, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $6.08, for a total value of $133,760.00. Following the completion of the sale, the director directly owned 236,150 shares in the company, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of BigBear.ai by 32.6% in the 3rd quarter. Vanguard Group Inc. now owns 27,604,836 shares of the company’s stock worth $179,984,000 after purchasing an additional 6,790,890 shares during the period. Jump Financial LLC purchased a new stake in BigBear.ai during the second quarter worth $37,407,000. Two Sigma Investments LP boosted its position in BigBear.ai by 165.5% during the 3rd quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock valued at $31,974,000 after acquiring an additional 3,056,597 shares in the last quarter. Geode Capital Management LLC boosted its position in BigBear.ai by 125.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,074,311 shares of the company’s stock valued at $34,456,000 after acquiring an additional 2,820,698 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of BigBear.ai by 3,252.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,398,419 shares of the company’s stock valued at $16,285,000 after acquiring an additional 2,326,883 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.