BlackBerry (NYSE:BB) Upgraded at TD Securities

TD Securities upgraded shares of BlackBerry (NYSE:BB) to a hold rating in a report released on Monday morning,Zacks.com reports.

A number of other brokerages have also weighed in on BB. TD Cowen reissued a “hold” rating and issued a $5.00 price target on shares of BlackBerry in a report on Friday, October 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of BlackBerry in a research note on Wednesday, October 8th. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Canaccord Genuity Group reiterated a “hold” rating and issued a $4.60 price target on shares of BlackBerry in a report on Friday, December 19th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $5.10.

BlackBerry Price Performance

Shares of BB stock opened at $3.98 on Monday. BlackBerry has a 52 week low of $2.80 and a 52 week high of $6.24. The stock has a market capitalization of $2.35 billion, a PE ratio of 132.71 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.14. The stock’s fifty day moving average is $4.38 and its 200-day moving average is $4.21.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. The firm 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 firm earned $0.02 EPS. The company’s revenue was down 1.3% on a year-over-year basis. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. Equities research analysts expect that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Activity at BlackBerry

In related news, insider Philip S. Kurtz sold 44,178 shares of BlackBerry stock in a transaction that occurred on Sunday, September 28th. The shares were sold at an average price of $4.95, for a total transaction of $218,681.10. Following the transaction, the insider owned 95,468 shares of the company’s stock, valued at $472,566.60. This trade represents a 31.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Joseph Giamatteo sold 28,343 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were 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 directly owned 568,164 shares of the company’s stock, valued at $2,624,917.68. The trade was a 4.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 88,565 shares of company stock worth $423,706 in the last ninety days. Company insiders own 0.37% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss Life Asset Management Ltd boosted its stake in BlackBerry by 65.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 25,791 shares of the company’s stock worth $126,000 after purchasing an additional 10,202 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of BlackBerry by 2,349.1% in the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after purchasing an additional 11,205 shares in the last quarter. Scientech Research LLC acquired a new position in shares of BlackBerry during the third quarter worth about $216,000. Qube Research & Technologies Ltd grew its holdings in shares of BlackBerry by 109.6% during the third quarter. Qube Research & Technologies Ltd now owns 147,103 shares of the company’s stock worth $718,000 after buying an additional 76,920 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of BlackBerry by 69.3% during the third quarter. Millennium Management LLC now owns 1,027,804 shares of the company’s stock worth $5,014,000 after buying an additional 420,833 shares in the last quarter. 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.