Brokerages Set BlackBerry Limited (NYSE:BB) PT at $8.92

Shares of BlackBerry Limited (NYSE:BB) have been assigned a consensus rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.9222.

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of BlackBerry from a “hold” rating to a “buy” rating in a report on Monday, June 8th. Royal Bank Of Canada lifted their price objective on BlackBerry from $4.50 to $9.00 and gave the stock a “sector perform” rating in a research note 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. Canaccord Genuity Group increased their target price on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a research note on Friday, June 26th. Finally, TD Securities reaffirmed a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th.

BlackBerry Price Performance

Shares of BlackBerry stock opened at $8.97 on Thursday. 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 firm has a fifty day simple moving average of $9.68 and a 200-day simple moving average of $6.25. The stock has a market capitalization of $5.26 billion, a price-to-earnings ratio of 99.72 and a beta of 2.25. BlackBerry has a 1-year low of $3.12 and a 1-year high of $13.59.

BlackBerry (NYSE:BB) last posted its earnings results 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 business had revenue of $152.90 million for 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%. BlackBerry’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business posted $0.02 EPS. 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, sell-side analysts expect that BlackBerry will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO John Joseph Giamatteo sold 152,012 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $11.35, for a total transaction of $1,725,336.20. Following the transaction, the chief executive officer owned 687,246 shares of the company’s stock, valued at approximately $7,800,242.10. The trade was a 18.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the business’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total transaction 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. This trade represents a 3.01% 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 in the last three months. 0.51% of the stock is owned by corporate insiders.

Institutional Trading of BlackBerry

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CoreCap Advisors LLC bought a new position in shares of BlackBerry during the 2nd quarter worth about $31,000. Elevation Wealth Partners LLC acquired a new position in shares of BlackBerry in the second quarter valued at $32,000. Wealthfront Advisers LLC acquired a new position in shares of BlackBerry in the first quarter valued at $34,000. Bank of New York Mellon Corp bought a new position in BlackBerry in the first quarter worth $37,000. Finally, Portfolio Resources Advisor Group Inc. bought a new position in BlackBerry in the fourth quarter worth $46,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.