BigBear.ai (NYSE:BBAI) Stock Price Down 5.1% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s share price dropped 5.1% during mid-day trading on Friday . The company traded as low as $3.13 and last traded at $3.1510. Approximately 25,007,604 shares were traded during trading, a decline of 56% from the average daily volume of 56,802,566 shares. The stock had previously closed at $3.32.

Analyst Upgrades and Downgrades

Several research firms have commented on BBAI. 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. Wall Street Zen downgraded BigBear.ai from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald lowered their target price 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. One 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. According to data from MarketBeat, BigBear.ai has an average rating of “Hold” and a consensus target price of $5.50.

BigBear.ai Stock Down 5.1%

The stock has a market cap of $1.50 billion, a P/E ratio of -3.15 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. The stock’s 50-day moving average is $4.45 and its 200-day moving average is $5.72.

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

Insider Buying and Selling

In related news, Director Pamela Joyce Braden sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $4.00, for a total transaction of $320,000.00. Following the sale, the director owned 508,687 shares of the company’s stock, valued at $2,034,748. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of BigBear.ai by 18.4% during the 4th quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock valued at $176,555,000 after purchasing an additional 5,090,508 shares during the period. UBS Group AG lifted its holdings in shares of BigBear.ai by 145.7% in the fourth quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock valued at $56,089,000 after buying an additional 6,158,665 shares during the period. State Street Corp lifted its holdings in shares of BigBear.ai by 33.6% in the fourth quarter. State Street Corp now owns 10,279,145 shares of the company’s stock valued at $55,507,000 after buying an additional 2,584,278 shares during the period. Geode Capital Management LLC boosted its stake in BigBear.ai by 35.9% during the fourth quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock valued at $55,347,000 after buying an additional 2,706,195 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in BigBear.ai during the fourth quarter worth about $46,675,000. 7.55% of the stock is owned by institutional investors.

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.