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Shares of BlackBerry (NASDAQ:BBRY) were the recipient of unusually large options trading activity on Friday. Stock investors acquired 9,742 put options on the company, AnalystRatings.NET reports. This represents an increase of approximately 100% compared to the average daily volume of 4,864 put options.

A number of analysts have recently weighed in on BBRY shares. Analysts at Oppenheimer upgraded shares of BlackBerry from an “underperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of BlackBerry in a research note on Friday, April 25th. They now have a $7.75 price target on the stock. Eleven research analysts have rated the stock with a sell rating, eighteen have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.45.

Shares of BlackBerry (NASDAQ:BBRY) traded down 2.83% on Friday, hitting $7.89. The stock had a trading volume of 11,756,842 shares. BlackBerry has a 52 week low of $5.44 and a 52 week high of $15.09. The stock’s 50-day moving average is $7.53 and its 200-day moving average is $8.. The company’s market cap is $4.094 billion.

BlackBerry (NASDAQ:BBRY) last released its earnings data on Friday, March 28th. The company reported ($0.08) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.57) by $0.49. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company posted $0.22 earnings per share. BlackBerry’s revenue was down 63.6% compared to the same quarter last year. Analysts expect that BlackBerry will post $-0.94 EPS for the current fiscal year.

BlackBerry Limited, formerly Research In Motion Limited is a designer, manufacturer and marketer of wireless solutions for the worldwide mobile communications market.

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