BlackBerry (NYSE:BB) Rating Lowered to “Hold” at Zacks Research

BlackBerry (NYSE:BB) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

BB has been the subject of several other reports. TD Securities reissued a “hold” rating and set a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Stifel Nicolaus initiated coverage on BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price target for the company. Royal Bank Of Canada upped their price objective on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Wall Street Zen downgraded BlackBerry from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, TD lifted their target price on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.92.

BlackBerry Stock Performance

BlackBerry stock opened at $7.80 on Tuesday. The stock has a market cap of $4.58 billion, a P/E ratio of 86.68 and a beta of 2.25. 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 50 day moving average of $9.42 and a 200-day moving average of $6.70. BlackBerry has a 52 week low of $3.12 and a 52 week high of $13.59.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business 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 was up 25.6% compared to the same quarter last year. During the same quarter in the previous 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, analysts expect that BlackBerry will post 0.13 EPS for the current fiscal year.

Insider Activity at BlackBerry

In related news, CFO Tim Foote sold 25,878 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total value of $320,628.42. Following the completion of the transaction, the chief financial officer owned 58,372 shares in the company, valued at $723,229.08. This trade represents a 30.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of BlackBerry stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $11.35, for a total value of $1,725,336.20. Following the completion of the transaction, the chief executive officer directly owned 687,246 shares in the company, valued at $7,800,242.10. This represents a 18.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 355,858 shares of company stock worth $4,012,270 over the last ninety days. Insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. V2 Financial group LLC lifted its position in shares of BlackBerry by 6.8% during the 1st quarter. V2 Financial group LLC now owns 32,100 shares of the company’s stock worth $104,000 after purchasing an additional 2,050 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in BlackBerry in the 2nd quarter valued at approximately $31,000. Elevation Wealth Partners LLC bought a new position in BlackBerry in the 2nd quarter worth approximately $32,000. Raymond James Financial Inc. increased its position in BlackBerry by 2.1% in the 3rd quarter. Raymond James Financial Inc. now owns 128,998 shares of the company’s stock worth $630,000 after buying an additional 2,689 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of BlackBerry by 2.4% during the fourth quarter. Invesco Ltd. now owns 128,487 shares of the company’s stock worth $487,000 after buying an additional 2,975 shares during the last quarter. 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.