BlackBerry (NYSE:BB) Downgraded to “Hold” Rating by Zacks Research

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

BB has been the subject of a number of 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. TD raised their target price on BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a report on Friday, June 26th. Royal Bank Of Canada lifted their target price on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research report on Friday, June 26th. Weiss Ratings raised BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Finally, Raymond James Financial upped their price target on BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.92.

BlackBerry Stock Up 0.1%

Shares of NYSE BB opened at $7.80 on Tuesday. The stock has a market capitalization of $4.58 billion, a P/E ratio of 86.68 and a beta of 2.25. The company has a 50-day moving average price of $9.42 and a 200-day moving average price of $6.70. BlackBerry has a 1 year low of $3.12 and a 1 year high of $13.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $136.10 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. 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, equities research analysts forecast that BlackBerry will post 0.13 EPS for the current fiscal year.

Insider Activity

In other BlackBerry news, insider Philip S. Kurtz sold 6,414 shares of BlackBerry stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total transaction of $71,002.98. Following the transaction, the insider owned 125,158 shares of the company’s stock, valued at $1,385,499.06. This trade represents a 4.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Joseph Giamatteo sold 152,012 shares of the business’s stock in a transaction that occurred on 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 owned 687,246 shares in the company, valued at $7,800,242.10. The trade was a 18.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 355,858 shares of company stock worth $4,012,270. Corporate insiders own 0.51% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of BlackBerry by 1.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 823,822 shares of the company’s stock valued at $3,106,000 after purchasing an additional 10,667 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of BlackBerry by 263.2% in the 2nd quarter. Geode Capital Management LLC now owns 1,167,739 shares of the company’s stock worth $5,348,000 after buying an additional 846,208 shares during the last quarter. Creative Planning boosted its holdings in shares of BlackBerry by 87.5% in the 2nd quarter. Creative Planning now owns 53,413 shares of the company’s stock worth $245,000 after buying an additional 24,921 shares during the last quarter. Flow Traders U.S. LLC bought a new position in BlackBerry during the second quarter valued at about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BlackBerry by 1,390.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,589,886 shares of the company’s stock valued at $71,397,000 after buying an additional 14,544,005 shares during the period. 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.