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

BigBear.ai Holdings, Inc. (NYSE:BBAI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $2.25, but opened at $2.09. BigBear.ai shares last traded at $2.07, with a volume of 3,783,514 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on BBAI. Cantor Fitzgerald reiterated an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a report on Wednesday, November 6th. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Trading Up 1.4 %

The stock has a market cap of $538.77 million, a PE ratio of -2.36 and a beta of 3.46. The stock’s fifty day moving average price is $1.70 and its 200 day moving average price is $1.55. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 2.08.

BigBear.ai (NYSE:BBAI) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company 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 firm’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 firm earned $0.03 earnings per share. On average, sell-side analysts forecast that BigBear.ai Holdings, Inc. will post -0.28 EPS for the current year.

Insider Activity at BigBear.ai

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1.78, for a total value of $1,019,614.26. Following the transaction, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its position in BigBear.ai by 6,435.7% in the second quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after acquiring an additional 643,570 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of BigBear.ai during the 1st quarter valued at $31,000. Vanguard Group Inc. raised its position in shares of BigBear.ai by 8.9% during the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock valued at $4,228,000 after purchasing an additional 168,076 shares during the period. American International Group Inc. raised its position in shares of BigBear.ai by 75.4% during the 1st quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after purchasing an additional 10,982 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares during the period. 7.55% of the stock is currently owned by institutional investors.

BigBear.ai Company Profile

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.