BlackBerry (NYSE:BB) Lowered to “Hold” Rating by Zacks Research

Zacks Research cut shares of BlackBerry (NYSE:BB) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Several other analysts have also commented on BB. Canaccord Genuity Group raised their price target on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research report on Friday, June 26th. Wall Street Zen downgraded shares of BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Raymond James Financial increased their target price on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research note on Friday, June 26th. Royal Bank Of Canada upped their price target on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a report on Friday, June 26th. Finally, TD increased their price target on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, BlackBerry currently has a consensus rating of “Hold” and an average price target of $8.92.

BlackBerry Trading Up 0.1%

Shares of NYSE:BB opened at $7.80 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. BlackBerry has a 12-month low of $3.12 and a 12-month high of $13.59. The business has a 50 day moving average of $9.42 and a two-hundred day moving average of $6.70. The company has a market capitalization of $4.58 billion, a PE ratio of 86.68 and a beta of 2.25.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company earned $0.02 EPS. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, analysts forecast that BlackBerry will post 0.13 EPS for the current year.

Insider Activity at BlackBerry

In other news, CEO John Joseph Giamatteo sold 152,012 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the completion of the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. The trade was a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tim Foote sold 25,878 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42. Following the transaction, the chief financial officer owned 58,372 shares of the company’s stock, valued at approximately $723,229.08. This trade represents a 30.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 355,858 shares of company stock valued at $4,012,270. 0.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackBerry

Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in BlackBerry in the 2nd quarter valued at $480,710,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 purchasing an additional 14,544,005 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after buying an additional 6,399,502 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of BlackBerry during the second quarter worth $69,786,000. Finally, Bank of America Corp DE acquired a new stake in shares of BlackBerry in the second quarter valued at about $64,718,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

About BlackBerry

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.