BlackBerry (NYSE:BB) Downgraded to “Hold” Rating by Wall Street Zen

BlackBerry (NYSE:BB) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other research analysts have also recently issued research reports about the company. TD Securities upgraded BlackBerry to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackBerry in a report on Friday, December 26th. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a research report on Friday, December 19th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BlackBerry has an average rating of “Hold” and a consensus target price of $5.10.

BlackBerry Stock Performance

NYSE BB opened at $3.46 on Friday. The firm has a market capitalization of $2.03 billion, a P/E ratio of 115.21 and a beta of 1.63. BlackBerry has a 1-year low of $2.80 and a 1-year high of $6.24. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.14 and a quick ratio of 2.14. The business’s 50-day simple moving average is $3.86 and its 200-day simple moving average is $4.09.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, December 18th. The company reported $0.05 earnings per share (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 during the quarter, compared to the consensus estimate of $137.54 million. During the same quarter in the prior year, the company 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 analysts predict that BlackBerry will post -0.03 EPS for the current year.

Insider Buying and Selling

In other BlackBerry news, CFO Tim Foote sold 28,600 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $3.82, for a total value of $109,252.00. Following the transaction, the chief financial officer owned 41,626 shares of the company’s stock, valued at approximately $159,011.32. This represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Joseph Giamatteo sold 87,723 shares of the company’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $3.88, for a total value of $340,365.24. Following the sale, the chief executive officer directly owned 818,557 shares of the company’s stock, valued at approximately $3,176,001.16. This represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 364,881 shares of company stock valued at $1,400,034 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

Hedge funds have recently made changes to their positions in the stock. NewGen Equity Long Short Fund acquired a new position in BlackBerry in the second quarter worth approximately $12,366,000. First Trust Advisors LP boosted its holdings in BlackBerry by 5.0% during the second quarter. First Trust Advisors LP now owns 15,748,114 shares of the company’s stock valued at $72,126,000 after acquiring an additional 751,216 shares during the period. DLD Asset Management LP bought a new stake in BlackBerry during the 2nd quarter valued at approximately $9,160,000. Advisory Resource Group bought a new stake in shares of BlackBerry in the second quarter valued at approximately $290,000. Finally, Arrowstreet Capital Limited Partnership grew its position in BlackBerry by 137.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,788,921 shares of the company’s stock worth $12,780,000 after purchasing an additional 1,612,465 shares during the last quarter. 54.48% of the stock is owned by hedge funds and other institutional investors.

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.