BlackBerry (NYSE:BB) Given Sector Perform Rating at Royal Bank Of Canada

BlackBerry (NYSE:BB)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Friday,Benzinga reports. They currently have a $4.50 target price on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 14.36% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. TD Cowen reaffirmed a “hold” rating and set a $5.00 price objective on shares of BlackBerry in a report on Friday, October 3rd. TD Securities downgraded shares of BlackBerry from a “buy” rating to a “hold” rating and increased their target price for the company from $4.00 to $5.00 in a report on Friday, October 3rd. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a report on Friday. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.10.

BlackBerry Stock Down 9.1%

BB traded down $0.40 during trading on Friday, hitting $3.94. 6,812,752 shares of the company’s stock were exchanged, compared to its average volume of 14,666,919. The stock has a market cap of $2.32 billion, a P/E ratio of -392.50 and a beta of 1.41. The business’s 50 day moving average is $4.43 and its two-hundred day moving average is $4.21. BlackBerry has a fifty-two week low of $2.80 and a fifty-two week high of $6.24. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, December 18th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company had revenue of $141.80 million for the quarter, compared to analyst estimates of $137.54 million. During the same quarter in the prior year, the business posted $0.02 EPS. The firm’s revenue was down 1.3% compared to the same quarter last year. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts expect that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO John Joseph Giamatteo sold 28,343 shares of BlackBerry stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total transaction of $130,944.66. Following the completion of the sale, the chief executive officer owned 568,164 shares of the company’s stock, valued at approximately $2,624,917.68. This trade represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mattias Eriksson sold 5,914 shares of BlackBerry stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $27,322.68. Following the sale, the insider owned 291,340 shares of the company’s stock, valued at approximately $1,345,990.80. This trade represents a 1.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 88,565 shares of company stock worth $423,706. Corporate insiders own 0.37% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BB. Vanguard Group Inc. grew its holdings in shares of BlackBerry by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock valued at $86,936,000 after purchasing an additional 218,684 shares during the last quarter. Voya Investment Management LLC purchased a new stake in BlackBerry during the first quarter valued at about $95,166,000. NewGen Equity Long Short Fund bought a new position in shares of BlackBerry during the second quarter valued at about $12,366,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of BlackBerry by 103.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,472 shares of the company’s stock worth $1,431,000 after buying an additional 159,203 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of BlackBerry by 7.0% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock valued at $4,093,000 after acquiring an additional 71,057 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.