BlackBerry Limited (NYSE:BB) Receives $5.10 Average Price Target from Analysts

Shares of BlackBerry Limited (NYSE:BB) have earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $5.10.

Several equities research analysts have recently weighed in on the stock. TD Cowen reissued a “hold” rating and issued a $5.00 target price on shares of BlackBerry in a research note on Friday, October 3rd. Royal Bank Of Canada upped their target price on BlackBerry from $4.00 to $4.50 and gave the company a “sector perform” rating in a research note on Friday, September 26th. Zacks Research raised BlackBerry from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $4.60 target price on shares of BlackBerry in a research note on Friday, September 26th. Finally, TD Securities cut BlackBerry from a “buy” rating to a “hold” rating and upped their target price for the company from $4.00 to $5.00 in a research note on Friday, October 3rd.

Insider Activity at BlackBerry

In other 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 completion of the sale, the insider owned 95,468 shares of the company’s stock, valued at approximately $472,566.60. The trade was a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mattias Eriksson sold 5,914 shares of the business’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 value of $27,322.68. Following the completion of the sale, the insider owned 291,340 shares of the company’s stock, valued at $1,345,990.80. The trade was a 1.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 88,565 shares of company stock worth $423,706 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

Institutional Trading of BlackBerry

A number of hedge funds have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. lifted its stake in BlackBerry by 16.5% in the third quarter. Benjamin Edwards Inc. now owns 17,005 shares of the company’s stock worth $83,000 after acquiring an additional 2,405 shares during the period. SBI Securities Co. Ltd. lifted its stake in BlackBerry by 10.3% in the third quarter. SBI Securities Co. Ltd. now owns 27,434 shares of the company’s stock worth $134,000 after acquiring an additional 2,569 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in BlackBerry by 10.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company’s stock worth $145,000 after acquiring an additional 3,755 shares during the period. Hsbc Holdings PLC lifted its stake in BlackBerry by 16.7% in the first quarter. Hsbc Holdings PLC now owns 31,641 shares of the company’s stock worth $119,000 after acquiring an additional 4,525 shares during the period. Finally, Y.D. More Investments Ltd lifted its stake in BlackBerry by 10.1% in the second quarter. Y.D. More Investments Ltd now owns 54,306 shares of the company’s stock worth $247,000 after acquiring an additional 4,999 shares during the period. 54.48% of the stock is owned by hedge funds and other institutional investors.

BlackBerry Stock Up 1.7%

NYSE BB opened at $4.75 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market capitalization of $2.81 billion, a P/E ratio of -475.00 and a beta of 1.51. BlackBerry has a one year low of $2.24 and a one year high of $6.24. The stock has a 50 day moving average price of $4.41 and a 200-day moving average price of $4.09.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, September 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. BlackBerry’s revenue was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, equities analysts predict that BlackBerry will post -0.03 EPS for the current fiscal year.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.