BlackBerry (NYSE:BB) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of BlackBerry (NYSE:BB) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. TD raised their price target on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce lifted their price objective on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a report on Friday, June 26th. Stifel Nicolaus started coverage on BlackBerry in a research report on Wednesday, June 24th. They set a “buy” rating and a $12.00 price objective for the company. Finally, TD Securities reissued a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, BlackBerry has an average rating of “Hold” and an average price target of $8.92.

BlackBerry Stock Performance

Shares of NYSE BB opened at $8.89 on Friday. The firm’s 50-day moving average price is $9.57 and its 200-day moving average price is $6.42. 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 company has a market cap of $5.22 billion, a PE ratio of 98.80 and a beta of 2.25. BlackBerry has a 52-week low of $3.12 and a 52-week high of $13.59.

BlackBerry (NYSE:BB) last announced its quarterly 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. The firm had revenue of $152.90 million during the quarter, compared to analyst estimates of $136.10 million. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.02 earnings per share. 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 anticipate that BlackBerry will post 0.13 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $35,992.32. Following the transaction, the senior vice president directly owned 106,091 shares in the company, valued at $1,158,513.72. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip S. Kurtz sold 6,414 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the transaction, the insider directly owned 125,158 shares of the company’s stock, valued at approximately $1,385,499.06. This trade represents a 4.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 355,858 shares of company stock valued at $4,012,270 over the last three months. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BB. Legal & General Group Plc purchased a new stake in BlackBerry during the 2nd quarter valued at approximately $480,710,000. First Trust Advisors LP lifted its holdings in shares of BlackBerry by 34.4% in 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 in the last quarter. Vanguard Group Inc. lifted its holdings in shares of BlackBerry by 0.6% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 acquiring an additional 209,448 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of 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 acquiring an additional 980,359 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

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.