HC Wainwright Brokers Lift Earnings Estimates for BigBear.ai

BigBear.ai Holdings, Inc. (NYSE:BBAI) – Equities research analysts at HC Wainwright lifted their FY2024 earnings per share estimates for shares of BigBear.ai in a note issued to investors on Wednesday, November 6th. HC Wainwright analyst S. Buck now expects that the company will post earnings of ($0.22) per share for the year, up from their previous estimate of ($0.26). HC Wainwright currently has a “Buy” rating and a $3.00 target price on the stock. The consensus estimate for BigBear.ai’s current full-year earnings is ($0.32) per share. HC Wainwright also issued estimates for BigBear.ai’s Q4 2024 earnings at ($0.04) EPS and FY2025 earnings at ($0.18) EPS.

BigBear.ai (NYSE:BBAI) last announced its earnings results 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 104.53% and a negative return on equity of 295.34%. The business had revenue of $41.51 million during the quarter, compared to the consensus estimate of $45.04 million. During the same period in the previous year, the company posted $0.03 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis.

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a report on Wednesday.

BigBear.ai Trading Up 1.1 %

NYSE BBAI opened at $1.76 on Friday. BigBear.ai has a 52 week low of $1.17 and a 52 week high of $4.80. The company has a 50 day moving average price of $1.58 and a 200 day moving average price of $1.52. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 1.99. The firm has a market cap of $440.13 million, a PE ratio of -1.93 and a beta of 3.46.

Insider Buying and Selling

In other 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 transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On BigBear.ai

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD purchased a new stake in BigBear.ai during the 1st quarter valued at about $31,000. Baader Bank Aktiengesellschaft purchased a new stake in BigBear.ai in the second quarter valued at approximately $32,000. Sovereign Financial Group Inc. acquired a new position in BigBear.ai in the 3rd quarter worth approximately $36,000. Keynote Financial Services LLC acquired a new position in BigBear.ai in the 1st quarter worth approximately $45,000. Finally, American International Group Inc. raised its position in BigBear.ai by 75.4% during the 1st quarter. American International Group Inc. now owns 25,539 shares of the company’s stock worth $52,000 after buying an additional 10,982 shares during the last quarter. Hedge funds and other institutional investors 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.