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

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) 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 trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on BBAI. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of BigBear.ai in a research note on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $3.50 target price on shares of BigBear.ai in a research note on Wednesday, November 6th.

BigBear.ai Stock Up 1.4 %

The company has a market capitalization of $538.77 million, a PE ratio of -2.36 and a beta of 3.46. The company’s 50 day moving average is $1.70 and its two-hundred day moving average 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. BigBear.ai had a negative net margin of 109.90% and a negative return on equity of 138.35%. The business had revenue of $41.51 million during the quarter, compared to analysts’ expectations of $45.04 million. During the same period last year, the company posted $0.03 EPS. The business’s revenue was up 22.1% on a year-over-year basis. On average, analysts anticipate that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of BigBear.ai stock in a transaction 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 completion of the transaction, the director now directly owns 143,713,297 shares of the company’s stock, valued at $255,809,668.66. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On BigBear.ai

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in 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 last quarter. American International Group Inc. boosted its position in shares of BigBear.ai by 75.4% during the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock valued at $52,000 after buying an additional 10,982 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of BigBear.ai during the first quarter valued at approximately $31,000. Keynote Financial Services LLC purchased a new stake in shares of BigBear.ai in the first quarter worth approximately $45,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of BigBear.ai during the 2nd quarter worth approximately $32,000. 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.