BlackBerry (NYSE:BB) Sets New 1-Year High – Here’s Why

BlackBerry Limited (NYSE:BB) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $13.59 and last traded at $12.8380, with a volume of 40304776 shares trading hands. The stock had previously closed at $12.65.

Analysts Set New Price Targets

A number of research analysts have recently commented on BB shares. Canaccord Genuity Group upped their price objective on shares of BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of BlackBerry from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Raymond James Financial upped their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research report on Friday, June 26th. Stifel Nicolaus initiated coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $8.92.

BlackBerry Stock Up 1.5%

The firm’s 50-day moving average price is $7.98 and its 200-day moving average price is $5.19. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 142.66 and a beta of 2.20.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business had revenue of $152.90 million for the quarter, compared to analyst estimates of $136.10 million. During the same quarter in the previous year, the business posted $0.02 EPS. The business’s quarterly revenue was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Sell-side analysts forecast that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the company’s 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 completion of the transaction, the senior vice president owned 94,903 shares in the company, valued at $337,854.68. This represents a 23.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new stake in BlackBerry during the 3rd quarter valued at $34,000. CI Investments Inc. boosted its position in BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in BlackBerry in the 1st quarter valued at about $34,000. Bank of New York Mellon Corp acquired a new stake in shares of BlackBerry during the first quarter valued at about $37,000. Finally, NewEdge Advisors LLC grew its stake in shares of BlackBerry by 2,349.1% during the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after acquiring an additional 11,205 shares in the last quarter. 54.48% of the stock is owned by institutional investors and hedge funds.

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.