BlackBerry Limited (NYSE:BB) Receives Consensus Rating of “Hold” from Analysts

BlackBerry Limited (NYSE:BB) has received an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $8.9222.

BB has been the subject of several research reports. Raymond James Financial increased their price objective on shares of BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a research note 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 target price on the stock. Canaccord Genuity Group upped their price target on shares of BlackBerry from $8.20 to $10.30 and gave the stock a “hold” rating in a report on Friday, June 26th. Weiss Ratings cut BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research note on Tuesday, July 7th. Finally, Canadian Imperial Bank of Commerce raised their price objective on BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th.

BlackBerry Stock Performance

BlackBerry stock opened at $9.12 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.34 billion, a PE ratio of 101.31 and a beta of 2.20. BlackBerry has a 12-month low of $3.12 and a 12-month high of $13.59. The business’s 50-day moving average price is $9.18 and its two-hundred day moving average price is $5.73.

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

Insider Transactions at BlackBerry

In other news, CFO Tim Foote sold 25,878 shares of BlackBerry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42. Following the sale, the chief financial officer directly owned 58,372 shares of the company’s stock, valued at approximately $723,229.08. This trade represents a 30.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total value of $1,725,336.20. Following the completion of the transaction, the chief executive officer directly owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This represents a 18.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 355,858 shares of company stock valued at $4,012,270 over the last three months. Company insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. General American Investors Co. Inc. acquired a new stake in BlackBerry in the fourth quarter valued at $3,892,000. Havemeyer Place LP bought a new position in BlackBerry during the 4th quarter worth $1,349,000. Hsbc Holdings PLC lifted its holdings in BlackBerry by 1,501.9% during the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock worth $7,116,000 after buying an additional 1,772,039 shares during the period. TD Asset Management Inc lifted its holdings in BlackBerry by 3.4% during the 4th quarter. TD Asset Management Inc now owns 1,809,320 shares of the company’s stock worth $6,837,000 after buying an additional 60,320 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of BlackBerry in the 1st quarter valued at about $178,000. 54.48% of the stock is currently 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.