BlackBerry Ltd. (NASDAQ:BBRY) rose 2.8% on Monday . The stock traded as high as $7.07 and last traded at $7.07, with a volume of 2,930,357 shares. The stock had previously closed at $6.88.

BBRY has been the subject of several research analyst reports. Vetr downgraded 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. TD Securities reaffirmed a “buy” rating and issued a $9.00 price objective on shares of BlackBerry in a report on Thursday, March 31st. Zacks Investment Research raised shares of BlackBerry from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Tuesday, July 19th. Wells Fargo & Co. reaffirmed a “hold” rating and issued a $7.63 price objective on shares of BlackBerry in a report on Friday, April 1st. Finally, Deutsche Bank AG reduced their price objective on shares of BlackBerry from $7.00 to $6.50 and set a “hold” rating for the company in a report on Monday, April 4th. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $7.37.

The stock has a 50-day moving average of $6.83 and a 200-day moving average of $7.13. The company’s market capitalization is $3.87 billion.

Several hedge funds and institutional investors have bought and sold shares of BBRY. Quantitative Investment Management LLC acquired a new position in BlackBerry during the fourth quarter worth $1,571,000. Marshall Wace LLP raised 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 worth $2,486,000 after buying an additional 158,805 shares during the last quarter. State of Wisconsin Investment Board raised 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 worth $3,996,000 after buying an additional 174,400 shares during the last quarter. Finally, Sabal Capital Management LLC acquired a new position in BlackBerry during the fourth quarter worth $5,081,000.

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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