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

Shares of BlackBerry Limited (NYSE:BB) have been assigned an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.10.

Several research analysts have recently commented on BB shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a report on Friday, December 26th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a report on Friday, December 19th. TD Securities raised shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. Canaccord Genuity Group restated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a research report on Friday, December 19th. Finally, Zacks Research downgraded shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th.

Insider Activity

In other BlackBerry news, CEO John Joseph Giamatteo sold 231,765 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $3.82, for a total value of $885,342.30. Following the sale, the chief executive officer directly owned 599,251 shares of the company’s stock, valued at $2,289,138.82. This trade represents a 27.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Philip S. Kurtz sold 11,121 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $3.89, for a total value of $43,260.69. Following the completion of the sale, the insider owned 110,096 shares in the company, valued at $428,273.44. The trade was a 9.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 364,881 shares of company stock valued at $1,400,034. 0.37% of the stock is currently owned by insiders.

Institutional Trading of BlackBerry

Large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BlackBerry by 1,390.6% during 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 purchasing an additional 14,544,005 shares during the period. Hood River Capital Management LLC bought a new stake in shares of BlackBerry during the second quarter valued at approximately $52,441,000. Marshall Wace LLP boosted its position in shares of BlackBerry by 21,832.6% during the second 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 period. Bank of America Corp DE grew its holdings in BlackBerry by 183.6% in the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after buying an additional 2,980,732 shares in the last quarter. Finally, First Trust Advisors LP increased its position in BlackBerry by 18.1% in the 3rd quarter. First Trust Advisors LP now owns 18,592,150 shares of the company’s stock valued at $90,730,000 after acquiring an additional 2,844,036 shares during the period. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Price Performance

BB opened at $3.52 on Wednesday. The company has a 50-day moving average of $3.91 and a 200-day moving average of $4.10. The company has a market capitalization of $2.06 billion, a P/E ratio of 117.37 and a beta of 1.63. BlackBerry has a 1-year low of $2.80 and a 1-year high of $6.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, December 18th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $137.54 million. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.02 earnings per share. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. Equities analysts expect that BlackBerry will post -0.03 EPS for the current fiscal year.

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.