BigBear.ai (NYSE:BBAI) Shares Down 7% – Should You Sell?

Shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) were down 7% on Thursday . The company traded as low as $2.74 and last traded at $2.77. Approximately 7,271,610 shares traded hands during trading, a decline of 15% from the average daily volume of 8,589,911 shares. The stock had previously closed at $2.98.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday, November 6th. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of BigBear.ai in a report on Wednesday, November 6th.

BigBear.ai Stock Down 5.5 %

The business’s 50 day simple moving average is $2.02 and its 200-day simple moving average is $1.65. 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 company has a market cap of $630.22 million, a price-to-earnings ratio of -2.76 and a beta of 3.58.

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

Insider Activity at BigBear.ai

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the company’s 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 sale, the director now directly owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of BigBear.ai

A number of institutional investors and hedge funds have recently made changes to their positions in BBAI. Price T Rowe Associates Inc. MD bought a new position in shares of BigBear.ai in the 1st quarter valued at approximately $31,000. Sovereign Financial Group Inc. acquired a new position in BigBear.ai during the third quarter valued at approximately $36,000. XTX Topco Ltd acquired a new position in BigBear.ai during the second quarter valued at approximately $58,000. Intech Investment Management LLC bought a new position in shares of BigBear.ai in the third quarter valued at approximately $61,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of BigBear.ai by 135.0% in the second quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock worth $62,000 after buying an additional 23,597 shares during the last quarter. Institutional investors and hedge funds own 7.55% of the company’s stock.

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.