XTX Topco Ltd Buys Shares of 38,648 BigBear.ai Holdings, Inc. (NYSE:BBAI)

XTX Topco Ltd acquired a new position in shares of BigBear.ai Holdings, Inc. (NYSE:BBAI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 38,648 shares of the company’s stock, valued at approximately $58,000.

Several other hedge funds have also made changes to their positions in BBAI. Aristides Capital LLC acquired a new stake in shares of BigBear.ai during the fourth quarter worth $308,000. Avondale Wealth Management acquired a new stake in shares of BigBear.ai during the first quarter worth $33,000. Fortis Group Advisors LLC acquired a new stake in shares of BigBear.ai during the first quarter worth $108,000. Hartline Investment Corp acquired a new stake in shares of BigBear.ai during the first quarter worth $39,000. Finally, Delaney Dennis R acquired a new position in BigBear.ai in the first quarter valued at $49,000. Institutional investors and hedge funds own 7.55% of the company’s stock.

BigBear.ai Price Performance

Shares of BigBear.ai stock opened at $1.38 on Thursday. BigBear.ai Holdings, Inc. has a twelve month low of $1.16 and a twelve month high of $4.80. The stock has a market capitalization of $339.58 million, a P/E ratio of -1.53 and a beta of 3.51. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 1.99. The business’s fifty day moving average price is $1.46 and its 200 day moving average price is $1.56.

BigBear.ai (NYSE:BBAI) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.02. BigBear.ai had a negative return on equity of 295.34% and a negative net margin of 104.53%. The company had revenue of $39.78 million for the quarter, compared to analyst estimates of $46.55 million. During the same period last year, the company posted ($0.12) earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, research analysts anticipate that BigBear.ai Holdings, Inc. will post -0.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $3.50 target price on shares of BigBear.ai in a report on Wednesday, August 21st. HC Wainwright reduced their target price on BigBear.ai from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Friday, August 2nd.

BigBear.ai 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.