BlackBerry (NYSE:BB) Stock Price Up 8.8% – Time to Buy?

BlackBerry Limited (NYSE:BB) rose 8.8% on Thursday . The company traded as high as $8.46 and last traded at $8.4750. Approximately 8,904,218 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 18,912,469 shares. The stock had previously closed at $7.79.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BB. Canadian Imperial Bank of Commerce increased their target price on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. TD Securities restated a “hold” rating and set a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. 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. Finally, Stifel Nicolaus started coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They set a “buy” rating and a $12.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $8.92.

BlackBerry Price Performance

The stock has a 50-day simple moving average of $9.42 and a 200 day simple moving average of $6.75. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 90.79 and a beta of 2.25.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The firm had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, equities research analysts forecast that BlackBerry Limited will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other BlackBerry news, CEO John Joseph Giamatteo sold 152,012 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the completion of the sale, the chief executive officer owned 687,246 shares of the company’s stock, valued at $7,800,242.10. This represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the completion of the sale, the senior vice president directly owned 106,091 shares in the company, valued at approximately $1,158,513.72. This represents a 3.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 355,858 shares of company stock worth $4,012,270. Insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

Several large investors have recently added to or reduced their stakes in BB. Amundi acquired a new position in shares of BlackBerry in the second quarter valued at $1,086,000. TD Waterhouse Canada Inc. boosted its position in shares of BlackBerry by 127.3% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 105,040 shares of the company’s stock valued at $1,348,000 after acquiring an additional 58,818 shares in the last quarter. Nykredit A S acquired a new position in BlackBerry in the second quarter worth about $111,000. Nwam LLC acquired a new position in shares of BlackBerry in the 2nd quarter worth approximately $7,070,000. Finally, Public Employees Retirement System of Ohio acquired a new position in BlackBerry during the second quarter worth $3,591,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

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.