BigBear.ai (NYSE:BBAI) Trading Down 3% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) fell 3% on Wednesday . The company traded as low as $3.40 and last traded at $3.4150. 30,471,974 shares traded hands during trading, a decline of 45% from the average session volume of 55,624,621 shares. The stock had previously closed at $3.52.

Wall Street Analyst Weigh In

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

BigBear.ai Trading Down 0.1%

The firm’s 50 day moving average price is $4.19 and its 200-day moving average price is $5.66. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market cap of $1.70 billion, a P/E ratio of -3.58 and a beta of 3.47.

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

Insider Activity

In other news, Director Pamela Joyce Braden sold 80,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 508,687 shares of the company’s stock, valued at $2,034,748. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Several hedge funds and other institutional investors have recently bought and sold shares of BBAI. Vanguard Group Inc. grew its stake in shares of BigBear.ai by 18.4% in the fourth quarter. Vanguard Group Inc. now owns 32,695,344 shares of the company’s stock worth $176,555,000 after acquiring an additional 5,090,508 shares during the period. UBS Group AG boosted its holdings in BigBear.ai by 145.7% in the fourth quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock worth $56,089,000 after purchasing an additional 6,158,665 shares during the last quarter. State Street Corp grew its position in BigBear.ai by 33.6% in the 4th quarter. State Street Corp now owns 10,279,145 shares of the company’s stock worth $55,507,000 after purchasing an additional 2,584,278 shares during the period. Geode Capital Management LLC grew its position in BigBear.ai by 35.9% in the 4th quarter. Geode Capital Management LLC now owns 10,247,877 shares of the company’s stock worth $55,347,000 after purchasing an additional 2,706,195 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in BigBear.ai during the 4th quarter valued at $46,675,000. Institutional investors 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.