Cetera Investment Advisers Boosts Holdings in BigBear.ai Holdings, Inc. $BBAI

Cetera Investment Advisers boosted its holdings in BigBear.ai Holdings, Inc. (NYSE:BBAI) by 273.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 273,968 shares of the company’s stock after purchasing an additional 200,669 shares during the quarter. Cetera Investment Advisers’ holdings in BigBear.ai were worth $1,860,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Flaharty Asset Management LLC purchased a new position in shares of BigBear.ai in the first quarter worth $26,000. Alpine Global Management LLC purchased a new position in BigBear.ai during the first quarter valued at $34,000. Foundations Investment Advisors LLC bought a new stake in BigBear.ai in the 1st quarter valued at $37,000. Atria Wealth Solutions Inc. purchased a new stake in BigBear.ai in the 1st quarter worth $42,000. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of BigBear.ai by 68.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,222 shares of the company’s stock valued at $42,000 after purchasing an additional 2,527 shares during the last quarter. Institutional investors own 7.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on BBAI. Wall Street Zen raised BigBear.ai from a “strong sell” rating to a “hold” rating in a report on Saturday, November 15th. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 price objective on shares of BigBear.ai in a research note on Tuesday, November 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $7.00 target price on shares of BigBear.ai in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of BigBear.ai in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.33.

BigBear.ai Trading Up 5.1%

Shares of BBAI stock opened at $6.33 on Monday. The company has a market cap of $2.76 billion, a PE ratio of -4.45 and a beta of 3.44. BigBear.ai Holdings, Inc. has a 1 year low of $2.10 and a 1 year high of $10.36. The stock’s 50 day simple moving average is $6.77 and its two-hundred day simple moving average is $5.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.13 and a quick ratio of 3.13.

BigBear.ai (NYSE:BBAI) last announced its earnings results on Monday, November 10th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The company had revenue of $33.14 million during the quarter, compared to analysts’ expectations of $31.82 million. BigBear.ai had a negative return on equity of 26.11% and a negative net margin of 274.70%.BigBear.ai’s revenue for the quarter was down 20.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. BigBear.ai has set its FY 2025 guidance at EPS. Research analysts predict that BigBear.ai Holdings, Inc. will post -0.28 earnings per share for the current year.

Insider Buying and Selling

In other BigBear.ai news, Director Dorothy D. Hayes sold 22,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $6.08, for a total transaction of $133,760.00. Following the transaction, the director owned 236,150 shares in the company, valued at $1,435,792. The trade was a 8.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.54% of the stock is owned by insiders.

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.