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

A number of research analysts recently commented on BBRY shares. Imperial Capital lowered their price objective on shares of BlackBerry from $9.00 to $7.50 and set an “in-line” rating on the stock in a research note on Monday, April 18th. Vetr lowered shares of BlackBerry from a “strong-buy” rating to a “buy” rating and set a $7.83 price objective on the stock. in a research note on Tuesday, April 19th. Macquarie started coverage on shares of BlackBerry in a research note on Wednesday, May 18th. They set an “underperform” rating and a $6.90 price objective on the stock. Zacks Investment Research lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Finally, Wells Fargo & Co. restated a “market perform” rating and issued a $7.62 price target on shares of BlackBerry in a research report on Monday, June 13th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $7.49.

The stock has a 50-day moving average of $7.07 and a 200-day moving average of $7.19. The company’s market cap is $4.23 billion.

An institutional investor recently raised its position in BlackBerry stock. Marshall Wace LLP increased its position in BlackBerry Ltd. (NASDAQ:BBRY) by 145.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 267,935 shares of the smartphone producer’s stock after buying an additional 158,805 shares during the period. Marshall Wace LLP owned 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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