BlackBerry Limited (NYSE:BB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of BlackBerry Limited (NYSE:BB) have received an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.60.

Several equities research analysts have weighed in on BB shares. Robert W. Baird increased their target price on shares of BlackBerry from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. CIBC restated an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th. Canaccord Genuity Group raised their price objective on BlackBerry from $4.25 to $4.60 and gave the stock a “hold” rating in a research note on Tuesday, June 24th. Royal Bank Of Canada lifted their target price on BlackBerry from $3.75 to $4.00 and gave the stock a “sector perform” rating in a report on Friday, June 20th. Finally, Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, August 9th.

BlackBerry Trading Down 2.5%

NYSE:BB opened at $3.6550 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. BlackBerry has a 1-year low of $2.22 and a 1-year high of $6.24. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of -60.92 and a beta of 1.49. The business’s 50-day moving average price is $4.04 and its two-hundred day moving average price is $4.09.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The company had revenue of $121.26 million during the quarter, compared to analysts’ expectations of $112.18 million. BlackBerry had a positive return on equity of 2.29% and a negative net margin of 6.44%.BlackBerry’s revenue was down 15.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.03) EPS. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. On average, equities analysts expect that BlackBerry will post -0.03 earnings per share for the current year.

Insider Activity at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of BlackBerry stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $116,631.36. Following the transaction, the chief executive officer owned 530,135 shares of the company’s stock, valued at approximately $2,290,183.20. The trade was a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Philip S. Kurtz sold 16,217 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $5.25, for a total transaction of $85,139.25. Following the sale, the insider directly owned 57,503 shares of the company’s stock, valued at $301,890.75. This represents a 22.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,417 shares of company stock valued at $267,524 over the last quarter. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackBerry

A number of large investors have recently bought and sold shares of the company. Voya Investment Management LLC acquired a new position in BlackBerry during the first quarter worth $95,166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BlackBerry by 1,390.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after buying an additional 14,544,005 shares during the last quarter. Hood River Capital Management LLC bought a new stake in BlackBerry during the 4th quarter worth about $53,267,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of BlackBerry by 69.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company’s stock worth $87,064,000 after buying an additional 9,442,676 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of BlackBerry by 21,832.6% during the 2nd quarter. Marshall Wace LLP now owns 8,860,764 shares of the company’s stock worth $40,582,000 after buying an additional 8,820,364 shares during the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

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.