BlackBerry (NYSE:BB) Hits New 12-Month High – Time to Buy?

BlackBerry Limited (NYSE:BB)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $6.64 and last traded at $6.4430, with a volume of 16901909 shares traded. The stock had previously closed at $6.19.

Analyst Ratings Changes

BB has been the topic of a number of recent analyst reports. Canaccord Genuity Group cut their price objective on shares of BlackBerry from $4.60 to $4.40 and set a “hold” rating on the stock in a research note on Friday, April 10th. Weiss Ratings lowered shares of BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Royal Bank Of Canada restated a “sector perform” rating and set a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. Finally, Wall Street Zen lowered shares of BlackBerry from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.88.

BlackBerry Trading Up 3.3%

The business has a fifty day moving average of $4.33 and a 200-day moving average of $4.09. The stock has a market capitalization of $3.76 billion, a price-to-earnings ratio of 79.95 and a beta of 2.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 2.12.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The company had revenue of $157.96 million during the quarter, compared to the consensus estimate of $144.27 million. During the same period in the prior year, the company earned $0.03 EPS. BlackBerry’s revenue was up 10.1% on a year-over-year basis. 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 anticipate that BlackBerry Limited will post 0.13 earnings per share for the current fiscal year.

Insider Activity at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction that occurred on Saturday, April 4th. The shares were sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president directly owned 94,903 shares in the company, valued at approximately $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the chief executive officer owned 899,146 shares in the company, valued at approximately $3,200,959.76. This trade represents a 2.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 73,171 shares of company stock valued at $260,489. Company insiders own 0.51% of the company’s stock.

Institutional Investors Weigh In On BlackBerry

Institutional investors and hedge funds have recently modified their holdings of the stock. Delos Wealth Advisors LLC purchased a new stake in shares of BlackBerry during the third quarter valued at $34,000. Wealthfront Advisers LLC purchased a new position in BlackBerry in the 1st quarter worth about $34,000. Bank of New York Mellon Corp acquired a new stake in BlackBerry during the 1st quarter worth about $37,000. CI Investments Inc. lifted its stake in BlackBerry by 48.4% during the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares in the last quarter. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in BlackBerry during the fourth quarter valued at about $46,000. 54.48% of the stock is 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.