BigBear.ai (NYSE:BBAI) Shares Down 4.9% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price dropped 4.9% during mid-day trading on Friday. The company traded as low as $2.59 and last traded at $2.6050. Approximately 9,792,550 shares changed hands during trading, a decline of 74% from the average session volume of 37,875,043 shares. The stock had previously closed at $2.74.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen downgraded BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Cantor Fitzgerald cut their price objective on shares of BigBear.ai from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.00.

BigBear.ai Trading Down 4.9%

The firm has a fifty day simple moving average of $2.96 and a two-hundred day simple moving average of $3.50. The stock has a market cap of $1.25 billion, a PE ratio of -12.40 and a beta of 3.37. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of BigBear.ai

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new stake in shares of BigBear.ai in the 2nd quarter valued at $5,243,000. Clear Street Group Inc. lifted its stake in BigBear.ai by 245.3% in the fourth quarter. Clear Street Group Inc. now owns 614,096 shares of the company’s stock worth $3,316,000 after purchasing an additional 436,250 shares during the last quarter. Headlands Technologies LLC boosted its position in BigBear.ai by 351.8% during the second quarter. Headlands Technologies LLC now owns 512,339 shares of the company’s stock valued at $1,880,000 after buying an additional 398,936 shares during the period. WINTON GROUP Ltd bought a new position in shares of BigBear.ai during the second quarter valued at about $1,362,000. Finally, First Trust Advisors LP increased its holdings in shares of BigBear.ai by 18.1% in the first quarter. First Trust Advisors LP now owns 2,419,242 shares of the company’s stock worth $8,516,000 after buying an additional 369,981 shares during the period. 7.55% of the stock is owned by institutional investors.

BigBear.ai Company Profile

BigBear.ai Holdings, Inc provides artificial intelligence, machine learning and data analytics solutions designed to help organizations make decisions in complex, data-intensive environments. The company’s capabilities include predictive analytics, computer vision, data integration, cloud-based systems and decision-support tools that help customers monitor conditions, identify risks, forecast outcomes and coordinate operations.

The company primarily serves the U.S. government, including defense, intelligence, national security, border security and transportation-related agencies.