TD Cowen Reiterates Hold Rating for BlackBerry (NYSE:BB)

TD Cowen reissued their hold rating on shares of BlackBerry (NYSE:BB) in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a $5.00 price target on the stock.

Several other research firms have also issued reports on BB. Zacks Research raised BlackBerry from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Robert W. Baird increased their price objective on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Friday, September 26th. CIBC reissued an “outperform” rating on shares of BlackBerry in a report on Tuesday, June 24th. Wall Street Zen raised BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Finally, TD Securities lowered BlackBerry from a “buy” rating to a “hold” rating and increased their price objective for the company from $4.00 to $5.00 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $5.10.

BlackBerry Stock Performance

BB stock opened at $4.50 on Friday. The firm has a market cap of $2.65 billion, a PE ratio of -449.50 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $3.96 and a 200-day moving average of $3.90. BlackBerry has a 12-month low of $2.24 and a 12-month high of $6.24.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’s quarterly revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, sell-side analysts expect that BlackBerry will post -0.03 earnings per share for the current year.

Insider Activity

In other BlackBerry news, insider Philip S. Kurtz sold 44,178 shares of the stock in a transaction on Sunday, September 28th. The stock was sold at an average price of $4.95, for a total transaction of $218,681.10. Following the sale, the insider owned 95,468 shares in the company, valued at $472,566.60. This represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.37% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BlackBerry

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of BlackBerry by 1.0% in the first quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock worth $86,936,000 after buying an additional 218,684 shares in the last quarter. Voya Investment Management LLC purchased a new stake in shares of BlackBerry in the first quarter worth $95,166,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of BlackBerry by 7.0% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,086,634 shares of the company’s stock worth $4,093,000 after buying an additional 71,057 shares in the last quarter. Vident Advisory LLC raised its position in BlackBerry by 52.1% during the first quarter. Vident Advisory LLC now owns 1,182,034 shares of the company’s stock valued at $4,456,000 after purchasing an additional 404,823 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in BlackBerry by 68.0% during the first quarter. Headlands Technologies LLC now owns 216,887 shares of the company’s stock valued at $818,000 after purchasing an additional 87,786 shares in the last quarter. Hedge funds and other 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.