BigBear.ai (NYSE:BBAI) Stock Price Down 5.3% – Here’s Why
by Mitch Edgeman · The Markets DailyBigBear.ai Holdings, Inc. (NYSE:BBAI – Get Free Report)’s stock price was down 5.3% on Thursday . The company traded as low as $3.28 and last traded at $3.3050. Approximately 21,950,814 shares traded hands during trading, a decline of 59% from the average daily volume of 53,079,008 shares. The stock had previously closed at $3.49.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on BBAI shares. Cantor Fitzgerald lowered their price objective on shares of BigBear.ai from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, March 3rd. HC Wainwright decreased their target price on shares of BigBear.ai from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BigBear.ai has an average rating of “Hold” and an average target price of $5.50.
View Our Latest Analysis on BBAI
BigBear.ai Stock Down 5.3%
The firm’s 50 day simple moving average is $3.99 and its 200 day simple moving average is $5.59. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -3.31 and a beta of 3.47.
BigBear.ai (NYSE:BBAI – Get Free Report) last posted its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $27.30 million during the quarter, compared to analysts’ expectations of $33.31 million. BigBear.ai had a negative net margin of 230.21% and a negative return on equity of 18.22%. The business’s revenue was down 37.7% on a year-over-year basis. During the same period last year, the firm posted ($0.43) earnings per share. Sell-side analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.
Insider Activity
In other news, Director Pamela Joyce Braden sold 80,000 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $4.00, for a total value of $320,000.00. Following the completion of the transaction, the director directly owned 508,687 shares in the company, valued at $2,034,748. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.54% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of BigBear.ai by 237.5% in the third quarter. CWM LLC now owns 4,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,265 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of BigBear.ai by 3,355.6% in the third quarter. Hazlett Burt & Watson Inc. now owns 4,976 shares of the company’s stock valued at $32,000 after acquiring an additional 4,832 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of BigBear.ai by 617.5% in the fourth quarter. Root Financial Partners LLC now owns 5,381 shares of the company’s stock valued at $29,000 after acquiring an additional 4,631 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of BigBear.ai by 150.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after acquiring an additional 3,392 shares in the last quarter. Finally, HM Payson & Co. boosted its holdings in shares of BigBear.ai by 616.9% in the fourth quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock valued at $39,000 after acquiring an additional 6,169 shares in the last quarter. 7.55% of the stock is currently owned by institutional investors.
About BigBear.ai
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.