BlackBerry Limited (NYSE:BB) Given Average Recommendation of “Hold” by Analysts

BlackBerry Limited (NYSE:BB) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $5.10.

BB has been the subject of several recent research reports. Zacks Research upgraded BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Robert W. Baird increased their target price on BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Friday, September 26th. Canaccord Genuity Group restated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research report on Friday, September 26th. Finally, Royal Bank Of Canada upped their price objective on shares of BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research report on Friday, September 26th.

BlackBerry Trading Down 1.4%

BB stock opened at $4.56 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. The company’s 50-day simple moving average is $4.44 and its 200 day simple moving average is $4.10. BlackBerry has a 52 week low of $2.26 and a 52 week high of $6.24. The company has a market capitalization of $2.69 billion, a PE ratio of -455.50 and a beta of 1.51.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $130.96 million during the quarter, compared to analysts’ expectations of $122.03 million. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company’s revenue for the quarter was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, sell-side analysts anticipate that BlackBerry will post -0.03 earnings per share for the current year.

Insider Activity

In other news, insider Mattias Eriksson sold 5,914 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the sale, the insider owned 291,340 shares of the company’s stock, valued at approximately $1,345,990.80. This represents a 1.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO John Joseph Giamatteo sold 28,343 shares of BlackBerry stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $130,944.66. Following the completion of the transaction, the chief executive officer directly owned 568,164 shares in the company, valued at $2,624,917.68. This trade represents a 4.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 88,565 shares of company stock worth $423,706. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackBerry

Several institutional investors and hedge funds have recently modified their holdings of BB. Vanguard Group Inc. raised its stake in BlackBerry by 1.0% during the first quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock worth $86,936,000 after acquiring an additional 218,684 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of BlackBerry during the 1st quarter valued at approximately $95,166,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of BlackBerry by 103.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,472 shares of the company’s stock valued at $1,431,000 after purchasing an additional 159,203 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in BlackBerry by 7.0% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock worth $4,093,000 after purchasing an additional 71,057 shares in the last quarter. Finally, Vident Advisory LLC lifted its stake in BlackBerry by 52.1% in the 1st quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock valued at $4,456,000 after purchasing an additional 404,823 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.