BigBear.ai (NYSE:BBAI) Stock Price Down 5.3% – What’s Next?

BigBear.ai Holdings, Inc. (NYSE:BBAI) was down 5.3% on Monday . The company traded as low as $3.91 and last traded at $3.93. Approximately 37,643,051 shares traded hands during trading, a decline of 24% from the average daily volume of 49,712,948 shares. The stock had previously closed at $4.15.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BBAI. HC Wainwright lifted their target price on BigBear.ai from $3.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, December 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a research report on Wednesday, November 6th.

BigBear.ai Trading Down 5.3 %

The company has a 50 day moving average of $3.04 and a two-hundred day moving average of $2.06. The company has a debt-to-equity ratio of 2.08, a quick ratio of 2.06 and a current ratio of 2.06. The stock has a market capitalization of $985.32 million, a PE ratio of -4.32 and a beta of 3.21.

BigBear.ai (NYSE:BBAI) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. The firm had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. Sell-side analysts predict that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Transactions at BigBear.ai

In related news, CEO Amanda Long sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $4.25, for a total value of $850,000.00. Following the transaction, the chief executive officer now owns 2,583,254 shares in the company, valued at approximately $10,978,829.50. This represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Institutional Trading of BigBear.ai

Several large investors have recently made changes to their positions in BBAI. Sovereign Financial Group Inc. purchased a new position in shares of BigBear.ai during the third quarter worth $36,000. Simon Quick Advisors LLC purchased a new position in shares of BigBear.ai during the 4th quarter valued at about $44,000. XTX Topco Ltd acquired a new position in shares of BigBear.ai in the 2nd quarter valued at about $58,000. Intech Investment Management LLC purchased a new stake in shares of BigBear.ai in the third quarter worth about $61,000. Finally, The Manufacturers Life Insurance Company grew its holdings in BigBear.ai by 135.0% during the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after acquiring an additional 23,597 shares during the period. 7.55% of the stock is owned by hedge funds and other institutional investors.

About BigBear.ai

BigBear.ai Holdings, Inc provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services.