BlackBerry (NYSE:BB) Upgraded at Zacks Research

Zacks Research upgraded shares of BlackBerry (NYSE:BB) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

BB has been the topic of a number of other research reports. CIBC reaffirmed an “outperform” rating on shares of BlackBerry in a research note on Tuesday, June 24th. Wall Street Zen raised shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Royal Bank Of Canada raised their price target on shares of BlackBerry from $4.00 to $4.50 and gave the company a “sector perform” rating in a research report on Friday, September 26th. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a research report on Friday, September 26th. Finally, Robert W. Baird increased their target price on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $4.77.

BlackBerry Price Performance

Shares of BB opened at $4.79 on Monday. The business’s 50-day moving average is $3.93 and its two-hundred day moving average is $3.90. The company has a market capitalization of $2.82 billion, a P/E ratio of -478.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. BlackBerry has a fifty-two week low of $2.24 and a fifty-two week high of $6.24.

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

Insiders Place Their Bets

In related news, insider Philip S. Kurtz sold 44,178 shares of BlackBerry stock in a transaction dated Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the sale, the insider directly owned 95,468 shares in the company, valued at approximately $472,566.60. The trade was a 31.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in BlackBerry by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock valued at $86,936,000 after buying an additional 218,684 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of BlackBerry during the 1st quarter valued at about $95,166,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of BlackBerry by 7.0% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock valued at $4,093,000 after acquiring an additional 71,057 shares during the last quarter. Vident Advisory LLC grew its holdings in shares of BlackBerry by 52.1% in the first 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 period. Finally, Headlands Technologies LLC increased its position in BlackBerry by 68.0% during the first quarter. Headlands Technologies LLC now owns 216,887 shares of the company’s stock worth $818,000 after purchasing an additional 87,786 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 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.