BlackBerry Limited (NYSE:BB) Receives Average Recommendation of “Hold” from Brokerages

Shares of BlackBerry Limited (NYSE:BB) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.7333.

Several research firms recently issued reports on BB. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Canadian Imperial Bank of Commerce upped their price objective on BlackBerry from $8.50 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research report on Friday, April 10th. Canaccord Genuity Group lowered their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research report on Friday, April 10th. Finally, Weiss Ratings cut BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th.

BlackBerry Stock Performance

BB stock opened at $8.37 on Tuesday. The stock has a market capitalization of $4.90 billion, a PE ratio of 104.58 and a beta of 2.29. BlackBerry has a 12-month low of $3.12 and a 12-month high of $10.93. 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 stock’s 50 day simple moving average is $6.95 and its 200 day simple moving average is $4.83.

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 for the quarter, compared to analysts’ expectations of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. As a group, research analysts forecast that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction 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 directly owned 94,903 shares in the company, valued at approximately $337,854.68. The trade was a 23.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of the business’s stock in a transaction 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 owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 73,171 shares of company stock valued at $260,489. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Hedge funds have recently added to or reduced their stakes in the stock. General American Investors Co. Inc. purchased a new stake in BlackBerry during the 4th quarter valued at $3,892,000. Havemeyer Place LP purchased a new stake in BlackBerry during the 4th quarter valued at $1,349,000. Vanguard Group Inc. raised its stake in BlackBerry by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,793,046 shares of the company’s stock valued at $116,086,000 after buying an additional 517,715 shares during the last quarter. First Trust Advisors LP raised its stake in BlackBerry by 18.1% during the 3rd quarter. First Trust Advisors LP now owns 18,592,150 shares of the company’s stock valued at $90,730,000 after buying an additional 2,844,036 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in BlackBerry by 3.4% during the 4th quarter. TD Asset Management Inc now owns 1,809,320 shares of the company’s stock valued at $6,837,000 after buying an additional 60,320 shares during the last quarter. 54.48% of the stock is currently 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.