Northland Capmk Increases Earnings Estimates for BigBear.ai

BigBear.ai Holdings, Inc. (NYSE:BBAI) – Investment analysts at Northland Capmk raised their FY2024 EPS estimates for BigBear.ai in a report issued on Tuesday, November 5th. Northland Capmk analyst M. Latimore now anticipates that the company will post earnings of ($0.35) per share for the year, up from their previous forecast of ($0.39). The consensus estimate for BigBear.ai’s current full-year earnings is ($0.32) per share. Northland Capmk also issued estimates for BigBear.ai’s Q4 2024 earnings at ($0.05) EPS, Q1 2025 earnings at ($0.05) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.21) EPS.

A number of other equities analysts also recently issued reports on BBAI. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 price objective on shares of BigBear.ai in a report on Wednesday. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 target price on shares of BigBear.ai in a research report on Wednesday.

BigBear.ai Stock Performance

BigBear.ai stock opened at $1.76 on Friday. BigBear.ai has a fifty-two week low of $1.17 and a fifty-two week high of $4.80. The stock’s 50 day simple moving average is $1.58 and its two-hundred day simple moving average is $1.52. The company has a debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a market cap of $440.13 million, a price-to-earnings ratio of -1.93 and a beta of 3.46.

BigBear.ai (NYSE:BBAI) last posted its earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate 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 firm 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 company’s quarterly revenue was up 22.1% compared to the same quarter last year.

Insider Activity

In other BigBear.ai news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1.78, for a total value of $1,019,614.26. Following the sale, the director now directly owns 143,713,297 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Koshinski Asset Management Inc. purchased a new stake in shares of BigBear.ai during the third quarter valued at approximately $131,000. Sovereign Financial Group Inc. bought a new position in BigBear.ai in the 3rd quarter valued at approximately $36,000. The Manufacturers Life Insurance Company boosted its stake in BigBear.ai by 135.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,073 shares of the company’s stock valued at $62,000 after purchasing an additional 23,597 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of BigBear.ai by 6,435.7% in the 2nd quarter. Bank of Montreal Can now owns 653,570 shares of the company’s stock worth $1,006,000 after purchasing an additional 643,570 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of BigBear.ai in the second quarter worth $58,000. 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.