BigBear.ai (BBAI), a provider of AI-powered analytics focused on the defense and national security end markets, is scheduled to announce its first-quarter results on May 5. BBAI stock has gained 21% over the past month due to optimism about defense-focused analytics providers amid geopolitical tensions. That said, shares are still down 23% year-to-date due to weakness in the company’s top line and high cash burn. Heading into Q1 earnings, Wall Street is cautiously optimistic about BigBear.ai stock and expects the company to benefit from improving AI-led demand and strategic acquisitions, such as Ask Sage.
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Now, according to TipRanks’ Ownership Tool, public companies and individual investors own 72.82% of BBAI. They are followed by exchange-traded funds (ETFs), mutual funds, insiders, and other institutional investors at 16.27%, 9.03%, 1.15%, and 0.73%, respectively.
Digging Deeper into BigBear.ai’s Ownership Structure
Looking closely at the top shareholders, Vanguard owns the highest stake in BigBear.ai at 5.95%, followed by Vanguard Index Funds with a 3.86% holding.
Among the top ETF holders, Vanguard Total Stock Market ETF (VTI) owns a 2.91% stake in BBAI, while iShares Russell 2000 ETF (IWM) holds 2.12%.
Moving to mutual funds, Vanguard Index Funds holds 3.86% of BigBear.ai. Meanwhile, Vanguard World Fund owns 1.52%.
Wall Street’s Expectations from BigBear.ai’s Q1 Earnings
Wall Street expects BigBear.ai to report a loss per share of $0.08 compared to a loss per share of $0.25 in the prior-year quarter. Revenue is expected to decline more than 3% year-over-year to $33.6 million.
Investors will look forward to details on the demand backdrop and potential deals.
Is BBAI a Good Stock to Buy?
Heading into Q1 earnings, Wall Street has a Moderate Buy consensus rating on BigBear.ai stock based on two Holds and one Buy. The average BBAI stock price target of $5.33 indicates about 29% upside potential.
