BigBear.ai (NYSE:BBAI) Shares Down 6.7% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) shares traded down 6.7% during mid-day trading on Thursday . The company traded as low as $3.31 and last traded at $3.3230. 23,891,957 shares changed hands during trading, a decline of 58% from the average session volume of 57,345,766 shares. The stock had previously closed at $3.56.

Analysts Set New Price Targets

BBAI has been the subject of several recent research reports. HC Wainwright dropped their price target 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 lowered BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Cantor Fitzgerald lowered 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. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of BigBear.ai in a research report on Wednesday, January 21st. One equities 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, the stock presently has a consensus rating of “Hold” and an average target price of $5.50.

BigBear.ai Stock Performance

The stock has a 50 day moving average price of $4.51 and a two-hundred day moving average price of $5.73. 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 company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -3.32 and a beta of 3.49.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The business 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%. The firm’s quarterly revenue was down 37.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. On average, analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current fiscal year.

Insider Activity at BigBear.ai

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 transaction of $320,000.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BBAI. Invesco Ltd. increased its stake in shares of BigBear.ai by 26.4% in the 1st quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock valued at $76,000 after buying an additional 5,579 shares during the period. AQR Capital Management LLC acquired a new stake in BigBear.ai in the first quarter worth about $88,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BigBear.ai by 54.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 456,661 shares of the company’s stock worth $1,306,000 after purchasing an additional 160,096 shares during the last quarter. NewEdge Advisors LLC lifted its position in BigBear.ai by 441.1% during the 1st quarter. NewEdge Advisors LLC now owns 74,318 shares of the company’s stock valued at $213,000 after purchasing an additional 60,583 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of BigBear.ai by 569.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,340,713 shares of the company’s stock valued at $6,694,000 after purchasing an additional 1,990,822 shares during 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.