BlackBerry (NYSE:BB) Upgraded at Wall Street Zen

BlackBerry (NYSE:BB) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other equities analysts have also commented on the company. Weiss Ratings lowered BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research note on Friday, April 10th. Finally, Canaccord Genuity Group dropped their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.88.

BlackBerry Trading Up 0.1%

BlackBerry stock opened at $9.42 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12. The business’s 50-day simple moving average is $5.84 and its 200-day simple moving average is $4.49. The firm has a market capitalization of $5.52 billion, a PE ratio of 117.71 and a beta of 2.29. BlackBerry has a 52 week low of $3.12 and a 52 week high of $10.93.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $157.96 million for the quarter, compared to analyst estimates of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.03 earnings per share. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities research analysts forecast that BlackBerry will post 0.13 earnings per share for the current year.

Insider Activity at BlackBerry

In other news, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry 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 of the company’s stock, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction that occurred on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the sale, the senior vice president directly owned 94,903 shares in the company, valued at $337,854.68. The trade was a 23.96% decrease in their position. 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 in the last three months. 0.51% of the stock is owned by insiders.

Institutional Trading of BlackBerry

Several institutional investors have recently modified their holdings of BB. Delos Wealth Advisors LLC acquired a new stake in shares of BlackBerry during the 3rd quarter worth approximately $34,000. Wealthfront Advisers LLC bought a new position in BlackBerry during the first quarter worth about $34,000. Bank of New York Mellon Corp bought a new position in BlackBerry during the first quarter worth about $37,000. CI Investments Inc. lifted its stake in BlackBerry by 48.4% during the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after purchasing an additional 2,745 shares during the period. Finally, Portfolio Resources Advisor Group Inc. bought a new position in BlackBerry during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

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.