BlackBerry (NYSE:BB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of BlackBerry (NYSE:BB) from a hold rating to a buy rating in a research note published on Friday morning.

BB has been the subject of several other research reports. Canaccord Genuity Group reissued a “hold” rating and set a $4.60 price target on shares of BlackBerry in a report on Friday. Royal Bank Of Canada set a $4.50 price objective on BlackBerry in a research note on Friday. CIBC restated an “outperform” rating on shares of BlackBerry in a research note on Tuesday, June 24th. Finally, Robert W. Baird upped their price target on shares of BlackBerry from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $4.77.

BlackBerry Stock Performance

Shares of NYSE BB opened at $4.96 on Friday. BlackBerry has a 12-month low of $2.24 and a 12-month high of $6.24. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of -495.50 and a beta of 1.49. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $3.88 and a 200 day moving average of $3.89.

BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The business had revenue of $130.96 million for the quarter, compared to analysts’ expectations of $122.03 million. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. On average, research analysts anticipate that BlackBerry will post -0.03 earnings per share for the current year.

Insiders Place Their Bets

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total transaction of $116,631.36. Following the completion of the sale, the chief executive officer directly owned 530,135 shares of the company’s stock, valued at $2,290,183.20. This trade represents a 4.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 42,200 shares of company stock valued at $182,385. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in BlackBerry by 3.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 813,155 shares of the company’s stock valued at $3,074,000 after acquiring an additional 26,129 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of BlackBerry by 3.8% during the fourth quarter. Mackenzie Financial Corp now owns 353,306 shares of the company’s stock valued at $1,341,000 after purchasing an additional 13,089 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of BlackBerry by 216.2% in the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after purchasing an additional 4,893 shares during the last quarter. Milestone Asset Management LLC lifted its position in shares of BlackBerry by 55.1% in the first quarter. Milestone Asset Management LLC now owns 228,658 shares of the company’s stock worth $862,000 after buying an additional 81,210 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in BlackBerry by 7.6% during the first quarter. SG Americas Securities LLC now owns 108,672 shares of the company’s stock valued at $410,000 after buying an additional 7,684 shares during 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.