BlackBerry Limited (NYSE:BB) Receives Average Recommendation of “Hold” from Brokerages

BlackBerry Limited (NYSE:BB) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.10.

Several analysts recently commented on the company. TD Cowen reiterated a “hold” rating and issued a $5.00 target price on shares of BlackBerry in a report on Friday, October 3rd. Royal Bank Of Canada boosted their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of BlackBerry in a research report on Wednesday. Zacks Research raised shares of BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Finally, CIBC reaffirmed an “outperform” rating on shares of BlackBerry in a research report on Tuesday, June 24th.

Insider Activity at BlackBerry

In related news, insider Mattias Eriksson sold 5,914 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was 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 $1,345,990.80. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 28,343 shares of the business’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 value of $130,944.66. Following the completion of the transaction, the chief executive officer directly owned 568,164 shares in the company, valued at approximately $2,624,917.68. This trade represents a 4.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 88,565 shares of company stock worth $423,706 in the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

Several hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new position in shares of BlackBerry during the first quarter valued at about $95,166,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in BlackBerry by 69.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company’s stock valued at $87,064,000 after acquiring an additional 9,442,676 shares in the last quarter. Vanguard Group Inc. lifted its position 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 acquiring an additional 218,684 shares in the last quarter. First Trust Advisors LP raised its stake in shares of BlackBerry by 5.0% in the second quarter. First Trust Advisors LP now owns 15,748,114 shares of the company’s stock worth $72,126,000 after purchasing an additional 751,216 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BlackBerry by 1,390.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after buying an additional 14,544,005 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $4.76 on Thursday. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -476.00 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. BlackBerry has a twelve month low of $2.24 and a twelve month high of $6.24. The company’s fifty day moving average is $4.02 and its 200 day moving average is $3.90.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $130.96 million for the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s revenue 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. Sell-side analysts forecast that BlackBerry will post -0.03 EPS for the current year.

About BlackBerry

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.