BigBear.ai (NYSE:BBAI) Trading Down 6.3% – Here’s Why

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price was down 6.3% on Monday . The company traded as low as $5.78 and last traded at $5.9750. Approximately 127,339,494 shares were traded during trading, an increase of 33% from the average daily volume of 95,861,469 shares. The stock had previously closed at $6.38.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BBAI. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a research note on Saturday, November 15th. Cantor Fitzgerald reissued an “overweight” rating and issued a $7.00 price target on shares of BigBear.ai in a research note on Tuesday, November 11th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price objective on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research note on Wednesday, October 8th. Two equities research analysts have 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.33.

BigBear.ai Stock Down 7.3%

The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -3.82 and a beta of 3.44. The stock has a 50 day simple moving average of $6.58 and a 200 day simple moving average of $6.19. 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 (NYSE:BBAI) last issued its 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 the consensus estimate of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.BigBear.ai’s revenue for the quarter was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.05) earnings per share. As a group, analysts expect that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other BigBear.ai news, CFO Sean Raymond Ricker sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $7.06, for a total transaction of $35,300.00. Following the completion of the sale, the chief financial officer directly owned 488,716 shares of the company’s stock, valued at approximately $3,450,334.96. The trade was a 1.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dorothy D. Hayes sold 22,000 shares of BigBear.ai stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total value of $133,760.00. Following the transaction, the director directly owned 236,150 shares in the company, valued at approximately $1,435,792. The trade was a 8.52% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.54% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in BigBear.ai by 194.5% during the first quarter. Cetera Investment Advisers now owns 73,299 shares of the company’s stock worth $210,000 after purchasing an additional 48,407 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of BigBear.ai by 9.2% in the 1st quarter. Vanguard Group Inc. now owns 6,325,571 shares of the company’s stock worth $18,091,000 after buying an additional 534,963 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of BigBear.ai by 49.4% in the first quarter. Deutsche Bank AG now owns 82,252 shares of the company’s stock valued at $235,000 after acquiring an additional 27,197 shares in the last quarter. Swiss National Bank bought a new position in shares of BigBear.ai in the first quarter valued at approximately $1,045,000. Finally, Invesco Ltd. increased its position in shares of BigBear.ai by 26.4% during the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after acquiring an additional 5,579 shares during the last quarter. Hedge funds and other institutional investors own 7.55% of the company’s stock.

BigBear.ai Company Profile

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.