BlackBerry (NYSE:BB) Reaches New 52-Week High – What’s Next?

Shares of BlackBerry Limited (NYSE:BB) hit a new 52-week high during trading on Monday . The stock traded as high as $6.64 and last traded at $6.4430, with a volume of 16901909 shares. The stock had previously closed at $6.19.

Analysts Set New Price Targets

Several analysts have commented on BB shares. Wall Street Zen cut shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Canaccord Genuity Group decreased their price target on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th. Weiss Ratings cut shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research note on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.88.

BlackBerry Price Performance

The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $3.63 billion, a PE ratio of 77.32 and a beta of 2.10. The stock’s 50-day moving average is $4.44 and its two-hundred day moving average is $4.11.

BlackBerry (NYSE:BB) last posted its quarterly earnings data on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, topping 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 company had revenue of $157.96 million for the quarter, compared to analyst estimates of $144.27 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’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. On average, equities analysts predict that BlackBerry Limited will post 0.13 EPS for the current year.

Insider Transactions at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the stock in a transaction dated Saturday, April 4th. The shares were 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 of the company’s stock, valued at $337,854.68. This represents a 23.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the completion of the sale, the chief executive officer directly owned 899,146 shares in the company, valued at $3,200,959.76. This trade represents a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 73,171 shares of company stock worth $260,489 over the last three months. 0.51% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackBerry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new position in BlackBerry in the 3rd quarter worth about $34,000. Wealthfront Advisers LLC bought a new position in BlackBerry in the 1st quarter worth about $34,000. Bank of New York Mellon Corp bought a new position in BlackBerry in the 1st quarter worth about $37,000. CI Investments Inc. grew its stake in BlackBerry by 48.4% in 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 in the last quarter. Finally, Portfolio Resources Advisor Group Inc. bought a new position in BlackBerry in the 4th quarter worth about $46,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

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.