BlackBerry (NYSE:BB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BlackBerry (NYSE:BB) from a hold rating to a buy rating in a research report released on Saturday morning.

BB has been the topic of several other research reports. Canaccord Genuity Group decreased their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a report on Friday. Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a report on Friday. Finally, TD Securities upgraded BlackBerry to a “hold” rating in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $4.88.

BlackBerry Stock Up 0.9%

BB opened at $3.88 on Friday. The company has a market cap of $2.28 billion, a P/E ratio of 48.44 and a beta of 1.70. The business’s 50-day moving average price is $3.42 and its 200-day moving average price is $3.97. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. BlackBerry has a 12 month low of $3.04 and a 12 month high of $5.32.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $157.96 million for the quarter, compared to the consensus estimate of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, equities analysts expect that BlackBerry will post -0.03 EPS for the current year.

Insider Activity at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 27,066 shares of BlackBerry stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.56, for a total transaction of $96,354.96. Following the sale, the chief executive officer directly owned 899,146 shares of the company’s stock, valued at approximately $3,200,959.76. The trade was a 2.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jennifer Armstrong-Owen sold 29,908 shares of BlackBerry stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total value of $106,472.48. Following the sale, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. The trade was a 23.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 73,171 shares of company stock worth $260,489. Insiders own 0.37% of the company’s stock.

Institutional Trading of BlackBerry

Several large investors have recently bought and sold shares of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BlackBerry by 1,390.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after acquiring an additional 14,544,005 shares in the last quarter. First Trust Advisors LP boosted its position in shares of BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after purchasing an additional 6,399,502 shares in the last quarter. Bank of America Corp DE boosted its position in shares of BlackBerry by 183.6% in the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after purchasing an additional 2,980,732 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of BlackBerry by 368.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,078,600 shares of the company’s stock worth $15,027,000 after purchasing an additional 2,421,578 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of BlackBerry by 1,501.9% in the 4th quarter. Hsbc Holdings PLC now owns 1,890,023 shares of the company’s stock worth $7,116,000 after purchasing an additional 1,772,039 shares in the last quarter. 54.48% of the stock is owned by institutional investors.

About BlackBerry

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.