BlackBerry (NYSE:BB) Reaches New 1-Year High – Here’s What Happened

BlackBerry Limited (NYSE:BB) shares hit a new 52-week high on Thursday . The stock traded as high as $13.59 and last traded at $12.8380, with a volume of 40304776 shares. The stock had previously closed at $12.65.

Analyst Ratings Changes

A number of research firms have recently issued reports on BB. Weiss Ratings upgraded shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. TD Securities restated a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a report on Friday, June 26th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. Canaccord Genuity Group lifted their price objective on BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, Stifel Nicolaus assumed coverage on BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 price objective for the company. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus target price of $8.92.

BlackBerry Trading Up 1.5%

The company has a market cap of $7.52 billion, a price-to-earnings ratio of 142.66 and a beta of 2.20. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The business’s 50-day simple moving average is $7.98 and its 200-day simple moving average is $5.19.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same period in the prior year, the business earned $0.02 earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Research analysts predict that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the transaction, the senior vice president owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.51% of the company’s stock.

Institutional Trading of BlackBerry

Institutional investors and hedge funds have recently made changes to their positions in the stock. Amundi increased its position in BlackBerry by 52.7% during the 1st quarter. Amundi now owns 116,430 shares of the company’s stock worth $377,000 after purchasing an additional 40,184 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in BlackBerry by 139.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after purchasing an additional 2,063,153 shares in the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of BlackBerry during the 1st quarter worth about $34,000. Bank of New York Mellon Corp acquired a new stake in BlackBerry during the first quarter worth approximately $37,000. Finally, V2 Financial group LLC boosted its holdings in shares of BlackBerry by 6.8% during the first quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after purchasing an additional 2,050 shares during the last quarter. 54.48% of the stock is currently owned by hedge funds and other institutional investors.

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.