Shares of BlackBerry Ltd. (NASDAQ:BBRY) rose 3.4% on Friday . The company traded as high as $8.22 and last traded at $8.15, with a volume of 8,122,988 shares. The stock had previously closed at $7.88.

BBRY has been the topic of a number of research reports. Zacks Investment Research upgraded BlackBerry from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Tuesday, July 19th. Vetr upgraded BlackBerry from a “buy” rating to a “strong-buy” rating and set a $8.00 target price on the stock in a research report on Monday, May 2nd. Raymond James Financial Inc. upgraded BlackBerry from a “market perform” rating to an “outperform” rating and raised their target price for the company from $8.00 to $10.50 in a research report on Friday. Imperial Capital lowered their target price on BlackBerry from $7.50 to $7.00 and set an “in-line” rating on the stock in a research report on Thursday, June 16th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $7.00 target price (down from $8.00) on shares of BlackBerry in a research report on Tuesday, June 21st. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $7.49.

The company’s market cap is $4.23 billion. The firm’s 50-day moving average is $7.10 and its 200-day moving average is $7.20.

An institutional investor recently raised its position in BlackBerry stock. Marshall Wace LLP boosted its stake in shares of BlackBerry Ltd. (NASDAQ:BBRY) by 145.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,935 shares of the smartphone producer’s stock after buying an additional 158,805 shares during the period. Marshall Wace LLP owned about 0.05% of BlackBerry worth $2,486,000 at the end of the most recent quarter.

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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