Northland Capmk Expects Stronger Earnings for BigBear.ai

BigBear.ai Holdings, Inc. (NYSE:BBAI) – Analysts at Northland Capmk raised their FY2024 earnings per share estimates for shares of BigBear.ai in a research note issued to investors on Tuesday, November 5th. Northland Capmk analyst M. Latimore now expects 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.

BBAI has been the subject of several other research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $3.50 price target on shares of BigBear.ai in a research note on Wednesday. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of BigBear.ai in a research note on Wednesday.

BigBear.ai Stock Performance

Shares of 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 debt-to-equity ratio of 1.99, a quick ratio of 2.10 and a current ratio of 2.10. The company has a market capitalization of $440.12 million, a PE ratio of -1.93 and a beta of 3.46. The company’s 50 day moving average price is $1.58 and its 200 day moving average price is $1.52.

BigBear.ai (NYSE:BBAI) last announced 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. The company 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 109.90% and a negative return on equity of 174.74%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the company posted $0.03 earnings per share.

Insider Transactions at BigBear.ai

In other news, Director Bbai Ultimate Holdings, Llc sold 572,817 shares of the firm’s stock in a transaction 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 sale, the director now owns 143,713,297 shares in the company, valued at approximately $255,809,668.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of Montreal Can increased its position in shares of BigBear.ai by 6,435.7% during 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. Price T Rowe Associates Inc. MD bought a new position in shares of BigBear.ai in the first quarter valued at approximately $31,000. Vanguard Group Inc. boosted its holdings in shares of BigBear.ai by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 2,062,356 shares of the company’s stock worth $4,228,000 after acquiring an additional 168,076 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of BigBear.ai in the first quarter worth about $287,000. Finally, American International Group Inc. lifted its position in shares of BigBear.ai by 75.4% during the first quarter. American International Group Inc. now owns 25,539 shares of the company’s stock worth $52,000 after purchasing an additional 10,982 shares in the last quarter. Institutional investors own 7.55% 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.