BlackBerry Ltd. (NASDAQ:BBRY) saw unusually-strong trading volume on Tuesday . Approximately 5,368,810 shares traded hands during trading, an increase of 46% from the previous session’s volume of 3,686,863 shares.The stock last traded at $7.24 and had previously closed at $7.08.

BBRY has been the subject of several research reports. TD Securities restated a “buy” rating and issued a $9.00 price objective on shares of BlackBerry in a report on Thursday, March 31st. Vetr lowered shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $9.00 price objective for the company. in a report on Thursday, March 31st. Credit Suisse Group AG restated an “underperform” rating and issued a $6.00 price objective on shares of BlackBerry in a report on Thursday, March 31st. Wells Fargo & Co. restated a “hold” rating and issued a $7.63 price objective on shares of BlackBerry in a report on Friday, April 1st. Finally, Raymond James Financial Inc. restated a “market perform” rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, April 1st. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and two have assigned a buy rating to the company’s stock. BlackBerry currently has a consensus rating of “Hold” and an average price target of $7.37.

The firm’s 50-day moving average is $6.83 and its 200 day moving average is $7.13. The stock’s market cap is $3.78 billion.

Other institutional investors recently bought and sold shares of the company. Sabal Capital Management LLC bought a new position in BlackBerry during the fourth quarter valued at about $5,081,000. Quantitative Investment Management LLC bought a new position in BlackBerry during the fourth quarter valued at about $1,571,000. Marshall Wace LLP increased its position in BlackBerry by 145.5% in the fourth quarter. Marshall Wace LLP now owns 267,935 shares of the smartphone producer’s stock valued at $2,486,000 after buying an additional 158,805 shares during the period. Finally, State of Wisconsin Investment Board increased its position in BlackBerry by 67.6% in the fourth quarter. State of Wisconsin Investment Board now owns 432,358 shares of the smartphone producer’s stock valued at $3,996,000 after buying an additional 174,400 shares during the period.

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

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