BlackBerry Limited (NYSE:BB) Receives Consensus Recommendation of “Hold” from Analysts

BlackBerry Limited (NYSE:BB) has been assigned an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $8.9222.

BB has been the subject of a number of research analyst reports. Raymond James Financial raised their target price on BlackBerry from $4.75 to $9.50 and gave the company a “market perform” rating in a report on Friday, June 26th. TD Securities reiterated a “hold” rating and set a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. TD increased their price target on shares of BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Stifel Nicolaus initiated coverage on shares of BlackBerry in a research note on Wednesday, June 24th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of BlackBerry from $10.00 to $13.00 and gave the company an “outperformer” rating in a report on Friday, June 26th.

BlackBerry Stock Down 1.6%

NYSE:BB opened at $8.84 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $9.66 and its two-hundred day moving average is $6.30. BlackBerry has a 52 week low of $3.12 and a 52 week high of $13.59. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 98.23 and a beta of 2.26.

BlackBerry (NYSE:BB) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The company’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Research analysts anticipate that BlackBerry will post 0.13 EPS for the current year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, CFO Tim Foote sold 25,878 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were 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. The trade was a 30.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of the company’s stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.92, for a total value of $35,992.32. Following the sale, the senior vice president directly owned 106,091 shares in the company, valued at $1,158,513.72. This represents a 3.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BlackBerry

Several large investors have recently bought and sold shares of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BlackBerry by 1,390.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock worth $71,397,000 after acquiring an additional 14,544,005 shares during the last quarter. First Trust Advisors LP increased 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 valued at $94,718,000 after purchasing an additional 6,399,502 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of BlackBerry in the 2nd quarter valued at $42,002,000. Bank of America Corp DE raised its holdings 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 valued at $21,087,000 after purchasing an additional 2,980,732 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of BlackBerry by 368.6% during 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 during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

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.