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

BlackBerry (NYSE:BB) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

A number of other brokerages also recently weighed in on BB. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research note on Friday, April 10th. Canaccord Genuity Group decreased their target price 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, Weiss Ratings raised shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, BlackBerry currently has a consensus rating of “Hold” and a consensus price target of $4.88.

BlackBerry Price Performance

Shares of NYSE BB opened at $9.01 on Friday. BlackBerry has a fifty-two week low of $3.12 and a fifty-two week high of $9.31. The company has a 50 day simple moving average of $5.17 and a two-hundred day simple moving average of $4.30. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 112.58 and a beta of 2.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

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

Insider Activity at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president owned 94,903 shares of the company’s stock, valued at $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were 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 of the company’s stock, valued at $3,200,959.76. This trade represents a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 73,171 shares of company stock valued at $260,489 in the last three months. 0.51% of the stock is owned by insiders.

Institutional Investors Weigh In On BlackBerry

Several institutional investors and hedge funds have recently made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new position in shares of BlackBerry during the 3rd quarter worth $34,000. CI Investments Inc. boosted its stake 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 acquiring an additional 2,745 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of BlackBerry during the 1st quarter worth $34,000. Bank of New York Mellon Corp purchased a new position in shares of BlackBerry during the 1st quarter worth $37,000. Finally, NewEdge Advisors LLC boosted its stake in shares of BlackBerry by 2,349.1% during the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after acquiring an additional 11,205 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

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.