BlackBerry Limited (NYSE:BB) Receives Average Rating of “Hold” from Analysts

Shares of BlackBerry Limited (NYSE:BB) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $4.92.

A number of equities analysts have commented on the stock. TD Securities upgraded shares of BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Wall Street Zen cut BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a report on Friday, December 19th. Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $4.60 target price on shares of BlackBerry in a report on Friday, December 19th.

BlackBerry Price Performance

NYSE:BB opened at $3.56 on Thursday. The firm has a market cap of $2.09 billion, a PE ratio of 118.54 and a beta of 1.70. BlackBerry has a 12 month low of $2.81 and a 12 month high of $5.32. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $3.42 and its two-hundred day moving average price is $3.99.

Institutional Trading of BlackBerry

Large investors have recently made changes to their positions in the business. Benjamin Edwards Inc. increased its holdings in shares of BlackBerry by 16.5% in the third quarter. Benjamin Edwards Inc. now owns 17,005 shares of the company’s stock valued at $83,000 after purchasing an additional 2,405 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of BlackBerry by 10.3% in the third quarter. SBI Securities Co. Ltd. now owns 27,434 shares of the company’s stock valued at $134,000 after purchasing an additional 2,569 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of BlackBerry by 2.1% in the third quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock valued at $630,000 after purchasing an additional 2,689 shares in the last quarter. CI Investments Inc. increased its holdings in shares of BlackBerry by 48.4% in the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after purchasing an additional 2,745 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of BlackBerry by 2.4% in the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock valued at $487,000 after purchasing an additional 2,975 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.