Royal Bank Of Canada Reaffirms Sector Perform Rating for BlackBerry (NYSE:BB)

BlackBerry (NYSE:BB)‘s stock had its “sector perform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a report released on Friday,Benzinga reports. They presently have a $4.50 price objective on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 14.36% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. TD Cowen restated a “hold” rating and issued a $5.00 target price on shares of BlackBerry in a research report on Friday, October 3rd. TD Securities cut BlackBerry from a “buy” rating to a “hold” rating and upped their target price for the stock from $4.00 to $5.00 in a research note on Friday, October 3rd. Canaccord Genuity Group reissued a “hold” rating and set a $4.60 price target on shares of BlackBerry in a report on Friday. Zacks Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a research note on Friday, September 26th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.10.

BlackBerry Stock Performance

NYSE:BB traded down $0.40 during mid-day trading on Friday, reaching $3.94. 6,812,752 shares of the company’s stock were exchanged, compared to its average volume of 14,666,919. BlackBerry has a one year low of $2.80 and a one year high of $6.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.20 and a current ratio of 2.20. The business’s fifty day simple moving average is $4.43 and its two-hundred day simple moving average is $4.21. The firm has a market capitalization of $2.32 billion, a PE ratio of -392.50 and a beta of 1.41.

BlackBerry (NYSE:BB) last announced its earnings results on Thursday, December 18th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company had revenue of $141.80 million for the quarter, compared to analysts’ expectations of $137.54 million. During the same period last year, the firm earned $0.02 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. Analysts anticipate that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO John Joseph Giamatteo sold 28,343 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total value of $130,944.66. Following the transaction, the chief executive officer owned 568,164 shares in the company, valued at $2,624,917.68. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip S. Kurtz sold 44,178 shares of the stock in a transaction dated Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the sale, the insider owned 95,468 shares of the company’s stock, valued at approximately $472,566.60. The trade was a 31.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 88,565 shares of company stock valued at $423,706. 0.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BlackBerry

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of BlackBerry by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock worth $86,936,000 after buying an additional 218,684 shares in the last quarter. Voya Investment Management LLC acquired a new position in shares of BlackBerry during the 1st quarter valued at $95,166,000. NewGen Equity Long Short Fund bought a new stake in BlackBerry in the second quarter valued at $12,366,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of BlackBerry by 103.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 312,472 shares of the company’s stock valued at $1,431,000 after purchasing an additional 159,203 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of BlackBerry by 7.0% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock worth $4,093,000 after purchasing an additional 71,057 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry Company Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.