In yesterday’s Wall Street session, BigBear.ai Holdings Inc (NYSE:BBAI) shares traded at $1.43, down -2.72% from the previous session.
As of this writing, 4 analysts cover BigBear.ai Holdings Inc (NYSE:BBAI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $4.00, we find $4.50. Given the previous closing price of $1.47, this indicates a potential upside of 206.12 percent. BBAI stock price is now -14.05% away from the 50-day moving average and -35.10% away from the 200-day moving average. The market capitalization of the company currently stands at $222.84M.
There are 2 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $4.50 as their price target over the next twelve months.
With the price target of $4, H.C. Wainwright recently initiated with Buy rating for BigBear.ai Holdings Inc (NYSE: BBAI).
In other news, BBAI Ultimate Holdings, LLC, Director sold 361,096 shares of the company’s stock on May 30. The stock was sold for $881,074 at an average price of $2.44. Upon completion of the transaction, the Director now directly owns 102,686,955 shares in the company, valued at $146.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 26, Director BBAI Ultimate Holdings, LLC sold 749,909 shares of the business’s stock. A total of $1,814,780 was realized by selling the stock at an average price of $2.42. This leaves the insider owning 103,048,051 shares of the company worth $147.36 million. Insiders disposed of 10,968,260 shares of company stock worth roughly $15.68 million over the past 1 year. A total of 68.93% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BBAI stock. A new stake in BigBear.ai Holdings Inc shares was purchased by ARMISTICE CAPITAL, LLC during the first quarter worth $10,725,000. BLACKROCK INC. invested $2,956,000 in shares of BBAI during the first quarter. In the first quarter, STATE STREET CORP acquired a new stake in BigBear.ai Holdings Inc valued at approximately $668,000. RAYMOND JAMES & ASSOCIATES acquired a new stake in BBAI for approximately $465,000. GEODE CAPITAL MANAGEMENT, LLC purchased a new stake in BBAI valued at around $365,000 in the second quarter.
Thursday morning saw BigBear.ai Holdings Inc (NYSE: BBAI) opened at $1.5100. During the past 12 months, BigBear.ai Holdings Inc has had a low of $0.58 and a high of $6.77. The fifty day moving average price for BBAI is $1.6638 and a two-hundred day moving average price translates $2.2034 for the stock.
The latest earnings results from BigBear.ai Holdings Inc (NYSE: BBAI) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at -$0.12, missing analysts’ expectations of -$0.07 by -0.05. This compares to -$0.45 EPS in the same period last year. The net profit margin was -55.14% and return on equity was -288.00% for BBAI. The company reported revenue of $38.46 million for the quarter, compared to $37.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.25 percent. For the current quarter, analysts expect BBAI to generate $41.68M in revenue.
BigBear.ai Holdings Inc(BBAI) Company Profile
BigBear.ai Holdings, Inc. provides artificial intelligence and machine learning for decision support. The company operates through two segments, Cyber & Engineering and Analytics. The Cyber & Engineering segment offers high-end technology and management consulting services. It focuses in the areas of cloud engineering and enterprise IT, cybersecurity, computer network operations and wireless, systems engineering, and strategy and program planning. The Analytics segment provides high-end technology and consulting services. This segment focuses on the areas of big data computing and analytical solutions, including predictive and prescriptive analytics solutions. Its solutions assist customers in aggregating, interpreting, and synthesizing data to enable real-time decision-making capabilities. The company’s customers include federal defense and intelligence agencies, manufacturers, third party logistics providers, retailers, healthcare, and life sciences organizations. The company is headquartered in Columbia, Maryland.
