BigBear.ai (NYSE:BBAI) Shares Down 5.6% – Here’s What Happened

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price fell 5.6% on Tuesday . The stock traded as low as $2.95 and last traded at $2.9550. 4,716,874 shares changed hands during trading, a decline of 88% from the average session volume of 40,903,934 shares. The stock had previously closed at $3.13.

Analysts Set New Price Targets

Several analysts have commented on BBAI shares. Wall Street Zen cut shares of BigBear.ai from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Cantor Fitzgerald dropped their price target on shares of BigBear.ai from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BigBear.ai currently has an average rating of “Hold” and an average target price of $5.00.

BigBear.ai Trading Down 5.8%

The stock has a market cap of $1.41 billion, a PE ratio of -14.05 and a beta of 3.35. The company’s 50-day moving average price is $3.17 and its 200 day moving average price is $3.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.67 and a current ratio of 5.67.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Thursday, July 30th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $36.75 million for the quarter, compared to analyst estimates of $36.37 million. BigBear.ai had a negative return on equity of 13.44% and a negative net margin of 65.20%.The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.71) earnings per share. On average, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BBAI. Vanguard Group Inc. increased its stake in BigBear.ai by 18.4% in the fourth 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 grew its position in BigBear.ai by 145.7% during the fourth quarter. UBS Group AG now owns 10,386,833 shares of the company’s stock worth $56,089,000 after buying an additional 6,158,665 shares during the period. State Street Corp increased its position 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 in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $55,347,000 after acquiring an additional 2,706,195 shares during the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of BigBear.ai in the fourth quarter valued at $46,675,000. Hedge funds and other institutional investors own 7.55% of the company’s stock.

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.