FY2024 EPS Estimates for BigBear.ai Lifted by HC Wainwright

BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) - Equities research analysts at HC Wainwright lifted their FY2024 earnings estimates for shares of BigBear.ai in a report released on Wednesday, November 6th. HC Wainwright analyst S. Buck now anticipates that the company will post earnings per share of ($0.22) for the year, up from their prior 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.

Separately, Cantor Fitzgerald reiterated an "overweight" rating and set a $3.50 target price on shares of BigBear.ai in a research report on Wednesday.

BigBear.ai Trading Up 1.1 %

NYSE:BBAI traded up $0.02 during mid-day trading on Friday, hitting $1.76. 6,170,790 shares of the company's stock were exchanged, compared to its average volume of 6,575,485. The company has a 50 day simple moving average of $1.58 and a 200-day simple moving average of $1.52. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. BigBear.ai has a fifty-two week low of $1.17 and a fifty-two week high of $4.80. The firm has a market capitalization of $440.13 million, a P/E ratio of -1.91 and a beta of 3.46.

BigBear.ai (NYSE:BBAI - Get Free Report) 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 business had revenue of $41.51 million for the quarter, compared to the consensus estimate of $45.04 million. During the same period last year, the company earned $0.03 EPS. The firm's revenue was up 22.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD bought a new stake in shares of BigBear.ai in the 1st quarter valued at $31,000. Baader Bank Aktiengesellschaft bought a new stake in shares of BigBear.ai in the 2nd quarter valued at $32,000. Sovereign Financial Group Inc. bought a new stake in shares of BigBear.ai in the 3rd quarter valued at $36,000. Keynote Financial Services LLC bought a new stake in shares of BigBear.ai in the 1st quarter valued at $45,000. Finally, American International Group Inc. increased its stake in shares of BigBear.ai by 75.4% in the 1st quarter. American International Group Inc. now owns 25,539 shares of the company's stock valued at $52,000 after acquiring an additional 10,982 shares in the last quarter. Institutional investors and hedge funds own 7.55% of the company's stock.

Insider Transactions at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company's stock.

BigBear.ai Company Profile

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.