BigBear.ai (NYSE:BBAI) Shares Down 2.6% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI) was down 2.6% on Friday . The company traded as low as $3.90 and last traded at $3.9250. Approximately 36,312,482 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 62,292,699 shares. The stock had previously closed at $4.03.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reduced their price target on BigBear.ai from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, January 21st. Wall Street Zen downgraded BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Finally, HC Wainwright reduced their target price on BigBear.ai from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.50.

BigBear.ai Price Performance

The company’s 50-day moving average is $4.90 and its 200-day moving average is $5.81. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -3.93 and a beta of 3.49. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.16.

BigBear.ai (NYSE:BBAI) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. BigBear.ai had a negative net margin of 230.21% and a negative return on equity of 18.22%. The business had revenue of $27.30 million during the quarter, compared to the consensus estimate of $33.31 million. During the same period in the previous year, the business earned ($0.43) earnings per share. The company’s revenue was down 37.7% on a year-over-year basis. Equities research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Hedge Funds Weigh In On BigBear.ai

Institutional investors have recently modified their holdings of the business. Arizona State Retirement System lifted its position in shares of BigBear.ai by 2.2% during the 3rd quarter. Arizona State Retirement System now owns 86,166 shares of the company’s stock worth $562,000 after buying an additional 1,823 shares during the last quarter. Farther Finance Advisors LLC grew its position in BigBear.ai by 6.4% in the fourth quarter. Farther Finance Advisors LLC now owns 31,207 shares of the company’s stock valued at $169,000 after acquiring an additional 1,865 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in BigBear.ai by 22.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 10,344 shares of the company’s stock valued at $70,000 after acquiring an additional 1,885 shares during the last quarter. Pure Financial Advisors LLC raised its stake in BigBear.ai by 19.4% during the third quarter. Pure Financial Advisors LLC now owns 12,060 shares of the company’s stock worth $79,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Toth Financial Advisory Corp lifted its holdings in shares of BigBear.ai by 20.0% in the third quarter. Toth Financial Advisory Corp now owns 12,000 shares of the company’s stock worth $78,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.