BlackBerry (NYSE:BB) Trading Up 8% – Should You Buy?

BlackBerry Limited (NYSE:BB) shot up 8% during trading on Monday . The company traded as high as $9.00 and last traded at $9.0480. 5,043,419 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 18,064,635 shares. The stock had previously closed at $8.38.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus started coverage on shares of BlackBerry in a report on Wednesday. They set a “buy” rating and a $12.00 target price for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a report on Friday, April 10th. Canaccord Genuity Group cut their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research report on Friday, April 10th. Canadian Imperial Bank of Commerce raised their price objective on BlackBerry from $8.50 to $10.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.63.

BlackBerry Stock Up 0.3%

The firm has a 50-day moving average of $7.15 and a two-hundred day moving average of $4.90. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 110.26 and a beta of 2.29. 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 (NYSE:BB) last announced its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company 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, sell-side analysts anticipate that BlackBerry Limited will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 94,903 shares of the company’s stock, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John Joseph Giamatteo sold 27,066 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 899,146 shares in the company, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 73,171 shares of company stock worth $260,489 over the last ninety days. 0.51% of the stock is currently owned by insiders.

Hedge Funds Weigh In On BlackBerry

Hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BlackBerry by 1.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock valued at $3,106,000 after purchasing an additional 10,667 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of BlackBerry by 263.2% during the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after purchasing an additional 846,208 shares in the last quarter. Creative Planning lifted its holdings in shares of BlackBerry by 87.5% during the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock valued at $245,000 after buying an additional 24,921 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of BlackBerry during the 2nd quarter valued at about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BlackBerry by 1,390.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after buying an additional 14,544,005 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.