BlackBerry Limited (NYSE:BB) Receives Consensus Rating of “Hold” from Brokerages

Shares of BlackBerry Limited (NYSE:BB) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.88.

BB has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a report on Friday, April 10th. Weiss Ratings downgraded shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Canaccord Genuity Group dropped their price objective on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research note on Friday, April 10th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th.

Insider Transactions at BlackBerry

In other news, CEO John Joseph Giamatteo sold 27,066 shares of the 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 directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. This 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 the 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 owned 94,903 shares in the company, valued at $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,171 shares of company stock valued at $260,489 in the last three months. 0.51% of the stock is currently owned by company insiders.

Institutional Trading of BlackBerry

Institutional investors and hedge funds have recently made changes to their positions in the stock. Delos Wealth Advisors LLC acquired a new stake in shares of BlackBerry during the 3rd quarter worth approximately $34,000. Wealthfront Advisers LLC acquired a new stake in shares of BlackBerry during the 1st quarter worth approximately $34,000. Bank of New York Mellon Corp acquired a new stake in shares of BlackBerry during the 1st quarter worth approximately $37,000. CI Investments Inc. raised its position in shares of BlackBerry by 48.4% during the 3rd 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. acquired a new stake in shares of BlackBerry during the 4th quarter worth approximately $46,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Trading Up 0.4%

Shares of NYSE:BB opened at $9.23 on Tuesday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. BlackBerry has a 12-month low of $3.12 and a 12-month high of $10.93. The firm has a fifty day moving average of $6.54 and a two-hundred day moving average of $4.70. The firm has a market capitalization of $5.41 billion, a P/E ratio of 115.33 and a beta of 2.29.

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

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.