BlackBerry (NYSE:BB) Downgraded to “Hold” Rating by Wall Street Zen
by Scott Moore · The Cerbat GemWall Street Zen downgraded shares of BlackBerry (NYSE:BB – Free Report) from a buy rating to a hold rating in a research report released on Saturday.
BB has been the topic of a number of other reports. Weiss Ratings upgraded shares of BlackBerry from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, April 10th. Canaccord Genuity Group lowered their price objective on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a report on Friday, April 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, BlackBerry presently has an average rating of “Hold” and an average price target of $4.88.
Check Out Our Latest Stock Report on BlackBerry
BlackBerry Price Performance
NYSE BB opened at $5.08 on Friday. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. BlackBerry has a 12-month low of $3.12 and a 12-month high of $5.79. The company has a market capitalization of $2.98 billion, a PE ratio of 63.45 and a beta of 1.70. The firm’s 50 day moving average is $3.69 and its 200-day moving average is $3.98.
BlackBerry (NYSE:BB – Get Free Report) last posted its quarterly earnings data on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) 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 company had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue was up 10.1% compared to the same quarter last year. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. Equities research analysts anticipate that BlackBerry will post 0.13 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, 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 transaction, the chief executive officer directly owned 899,146 shares in the company, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the transaction, the senior vice president owned 94,903 shares in the company, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 73,171 shares of company stock worth $260,489. 0.37% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On BlackBerry
A number of institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its holdings in BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after buying an additional 6,399,502 shares during the last quarter. Vanguard Group Inc. increased its holdings in BlackBerry by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after buying an additional 142,924 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BlackBerry by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after buying an additional 209,448 shares during the last quarter. Bank of America Corp DE increased its holdings in BlackBerry by 21.3% during the third quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after buying an additional 980,359 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in BlackBerry by 31.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company’s stock worth $15,355,000 after purchasing an additional 972,738 shares during the period. 54.48% of the stock is currently owned by institutional investors and hedge funds.
BlackBerry Company Profile
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.