Northland Capmk Raises Earnings Estimates for BigBear.ai

BigBear.ai Holdings, Inc. (NYSE:BBAI - Free Report) - Analysts at Northland Capmk increased their FY2024 earnings estimates for BigBear.ai in a research note issued on Tuesday, November 5th. Northland Capmk analyst M. Latimore now anticipates that the company will post earnings per share of ($0.35) for the year, up from their prior 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.

BigBear.ai (NYSE:BBAI - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.05) EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The firm had revenue of $41.51 million during the quarter, compared to analysts' expectations of $45.04 million. BigBear.ai had a negative net margin of 104.53% and a negative return on equity of 295.34%. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share.

A number of other analysts have also recently issued reports on the stock. HC Wainwright restated a "buy" rating and set a $3.00 target price on shares of BigBear.ai in a research note on Wednesday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $3.50 price target on shares of BigBear.ai in a research report on Wednesday.

BigBear.ai Stock Performance

Shares of NYSE BBAI traded up $0.02 during mid-day trading on Friday, reaching $1.76. 6,170,790 shares of the company were exchanged, compared to its average volume of 6,575,485. The company's 50-day simple moving average is $1.58 and its 200-day simple moving average is $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 stock has a market capitalization of $440.13 million, a P/E ratio of -1.91 and a beta of 3.46. BigBear.ai has a twelve month low of $1.17 and a twelve month high of $4.80.

Insider Buying and Selling

In related news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 143,713,297 shares of the company's stock, valued at approximately $255,809,668.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On BigBear.ai

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in BigBear.ai in the 1st quarter valued at about $31,000. Baader Bank Aktiengesellschaft bought a new position in BigBear.ai in the 2nd quarter valued at about $32,000. Keynote Financial Services LLC bought a new position in BigBear.ai in the 1st quarter valued at about $45,000. Sovereign Financial Group Inc. bought a new position in BigBear.ai in the 3rd quarter valued at about $36,000. Finally, American International Group Inc. increased its holdings in 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 buying an additional 10,982 shares during the period. 7.55% of the stock is owned by 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.