BigBear.ai (NYSE:BBAI) Issues Quarterly Earnings Results

BigBear.ai (NYSE:BBAI) issued its earnings results on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01), Briefing.com reports. The company had revenue of $36.75 million during the quarter, compared to analysts’ expectations of $36.37 million. BigBear.ai had a negative net margin of 65.20% and a negative return on equity of 13.44%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business posted ($0.71) earnings per share.

BigBear.ai Trading Down 2.0%

BBAI traded down $0.07 during midday trading on Wednesday, hitting $3.27. The company’s stock had a trading volume of 3,645,921 shares, compared to its average volume of 43,022,242. BigBear.ai has a 52-week low of $2.59 and a 52-week high of $9.39. The firm has a 50-day moving average price of $3.44 and a two-hundred day moving average price of $3.89. The company has a current ratio of 5.67, a quick ratio of 5.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.57 billion, a P/E ratio of -15.59 and a beta of 3.35.

Insider Activity

In related news, CFO Sean Raymond Ricker sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $4.33, for a total value of $43,300.00. Following the completion of the sale, the chief financial officer directly owned 609,256 shares in the company, valued at approximately $2,638,078.48. The trade was a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company’s stock.

Institutional Trading of BigBear.ai

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its stake in BigBear.ai by 150.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock valued at $30,000 after purchasing an additional 3,392 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of BigBear.ai by 3.4% during the 4th quarter. NewEdge Advisors LLC now owns 124,239 shares of the company’s stock valued at $671,000 after buying an additional 4,073 shares during the last quarter. Invesco Ltd. increased its stake in shares of BigBear.ai by 26.4% in the first quarter. Invesco Ltd. now owns 26,728 shares of the company’s stock worth $76,000 after buying an additional 5,579 shares during the last quarter. Corient Private Wealth LLC raised its holdings in BigBear.ai by 26.2% in the second quarter. Corient Private Wealth LLC now owns 27,450 shares of the company’s stock valued at $186,000 after acquiring an additional 5,700 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in BigBear.ai by 616.9% during the 4th quarter. HM Payson & Co. now owns 7,169 shares of the company’s stock valued at $39,000 after acquiring an additional 6,169 shares during the last quarter. 7.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BBAI has been the subject of several research reports. Wall Street Zen cut BigBear.ai from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings restated a “sell (d-)” rating on shares of BigBear.ai in a research report on Friday, July 17th. Finally, Cantor Fitzgerald dropped their price target on BigBear.ai from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. One investment 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. Based on data from MarketBeat, BigBear.ai has an average rating of “Hold” and a consensus price target of $5.00.

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.