BlackBerry Limited (NYSE:BB) Receives Average Recommendation of “Hold” from Analysts

BlackBerry Limited (NYSE:BB) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $4.92.

Several research analysts recently weighed in on BB shares. Weiss Ratings reissued a “sell (d+)” rating on shares of BlackBerry in a research note on Wednesday, March 25th. Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. TD Securities upgraded shares of BlackBerry to a “hold” rating in a report on Monday, December 22nd. Canaccord Genuity Group restated a “hold” rating and set a $4.60 target price on shares of BlackBerry in a report on Friday, December 19th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a report on Friday, December 19th.

Insider Activity at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the sale, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer owned 899,146 shares in the company, valued at $3,200,959.76. This trade represents a 2.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,171 shares of company stock worth $260,489 over the last 90 days. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

Several hedge funds have recently bought and sold shares of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after buying an additional 14,544,005 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of BlackBerry in the second quarter valued at approximately $52,441,000. Marshall Wace LLP raised its holdings in shares of BlackBerry by 21,832.6% in the second quarter. Marshall Wace LLP now owns 8,860,764 shares of the company’s stock valued at $40,582,000 after purchasing an additional 8,820,364 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of BlackBerry by 34.4% in the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock valued at $94,718,000 after purchasing an additional 6,399,502 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of BlackBerry by 183.6% in the second quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock valued at $21,087,000 after purchasing an additional 2,980,732 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Stock Up 1.6%

BlackBerry stock opened at $3.54 on Thursday. The company’s 50 day simple moving average is $3.41 and its 200 day simple moving average is $3.98. BlackBerry has a fifty-two week low of $2.83 and a fifty-two week high of $5.32. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 117.87 and a beta of 1.70. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14.

BlackBerry Company Profile

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.