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

BigBear.ai (NYSE:BBAI) issued its quarterly earnings data on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04, FiscalAI reports. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.The company had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million.

BigBear.ai Trading Up 3.8%

BBAI stock traded up $0.15 during midday trading on Monday, reaching $4.11. The company’s stock had a trading volume of 51,827,979 shares, compared to its average volume of 66,520,844. The business’s 50-day simple moving average is $5.25 and its 200-day simple moving average is $5.92. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.18. BigBear.ai has a 52 week low of $2.36 and a 52 week high of $9.39. The stock has a market cap of $1.79 billion, a PE ratio of -2.89 and a beta of 3.49.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on BBAI shares. Cantor Fitzgerald lowered shares of BigBear.ai from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $6.00 in a research report on Wednesday, January 7th. Wall Street Zen lowered BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, January 21st. Finally, HC Wainwright restated a “buy” rating and set a $8.00 target price on shares of BigBear.ai in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.00.

Insider Buying and Selling at BigBear.ai

In other news, CFO Sean Raymond Ricker sold 5,000 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $7.06, for a total value of $35,300.00. Following the transaction, the chief financial officer directly owned 488,716 shares in the company, valued at $3,450,334.96. This trade represents a 1.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

Hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp acquired a new position in shares of BigBear.ai during the 4th quarter worth about $46,675,000. Two Sigma Investments LP grew its holdings in BigBear.ai by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,903,920 shares of the company’s stock valued at $31,974,000 after purchasing an additional 3,056,597 shares during the period. Geode Capital Management LLC lifted its stake in BigBear.ai by 35.9% in the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after acquiring an additional 2,706,195 shares in the last quarter. State Street Corp boosted its position in BigBear.ai by 33.6% during the 4th quarter. State Street Corp now owns 10,279,145 shares of the company’s stock worth $55,507,000 after acquiring an additional 2,584,278 shares during the last quarter. Finally, Jump Financial LLC bought a new position in shares of BigBear.ai during the 4th quarter worth approximately $13,318,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.