Wall Street Zen Downgrades BlackBerry (NYSE:BB) to Hold

BlackBerry (NYSE:BB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other brokerages also recently weighed in on BB. TD Securities raised BlackBerry to a “hold” rating in a research note on Monday, December 22nd. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 price objective on shares of BlackBerry in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackBerry in a report on Friday, December 26th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $4.60 target price on shares of BlackBerry in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.10.

BlackBerry Stock Performance

Shares of BB opened at $3.46 on Friday. The firm has a fifty day moving average of $3.86 and a 200-day moving average of $4.09. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 115.21 and a beta of 1.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14. BlackBerry has a 1 year low of $2.80 and a 1 year high of $6.24.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $141.80 million for the quarter, compared to the consensus estimate of $137.54 million. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. BlackBerry’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the firm posted $0.02 EPS. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts anticipate that BlackBerry will post -0.03 earnings per share for the current year.

Insider Activity at BlackBerry

In related news, insider Philip S. Kurtz sold 11,121 shares of BlackBerry stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $3.89, for a total transaction of $43,260.69. Following the transaction, the insider directly owned 110,096 shares of the company’s stock, valued at $428,273.44. The trade was a 9.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Joseph Giamatteo sold 231,765 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3.82, for a total transaction of $885,342.30. Following the completion of the sale, the chief executive officer directly owned 599,251 shares of the company’s stock, valued at $2,289,138.82. The trade was a 27.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 364,881 shares of company stock valued at $1,400,034 over the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

Institutional Trading of BlackBerry

A number of large investors have recently added to or reduced their stakes in the business. Delos Wealth Advisors LLC acquired a new position in BlackBerry in the third quarter worth approximately $34,000. CI Investments Inc. boosted its stake in shares of BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after acquiring an additional 2,745 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of BlackBerry in the 4th quarter worth $57,000. NewEdge Advisors LLC grew its holdings in shares of BlackBerry by 2,349.1% in the 3rd quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after acquiring an additional 11,205 shares during the last quarter. Finally, Themes Management Co LLC acquired a new stake in shares of BlackBerry during the fourth quarter worth $60,000. 54.48% of the stock is currently owned by 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.