BlackBerry (NYSE:BB) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of BlackBerry (NYSE:BB) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Raymond James Financial raised their price target on shares of BlackBerry from $4.75 to $9.50 and gave the stock a “market perform” rating in a research note on Friday, June 26th. Weiss Ratings downgraded BlackBerry from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, July 7th. TD Securities reaffirmed a “hold” rating and issued a $8.00 price target on shares of BlackBerry in a research note on Friday, June 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a research report on Monday, June 8th. Finally, TD increased their price objective on BlackBerry from $5.00 to $8.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $8.92.

BlackBerry Trading Down 3.0%

Shares of BB stock opened at $10.68 on Tuesday. The firm has a fifty day moving average of $9.12 and a 200-day moving average of $5.69. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 118.62 and a beta of 2.20. BlackBerry has a 52-week low of $3.12 and a 52-week high of $13.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.20 and a current ratio of 2.20.

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

Insider Activity

In other news, CEO John Joseph Giamatteo sold 152,012 shares of BlackBerry stock in a transaction that occurred on Thursday, July 9th. The shares were 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 approximately $7,800,242.10. The trade was a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jennifer Armstrong-Owen sold 3,296 shares of BlackBerry stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $10.92, for a total value of $35,992.32. Following the completion of the transaction, the senior vice president owned 106,091 shares of the company’s stock, valued at approximately $1,158,513.72. The trade was a 3.01% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 355,858 shares of company stock worth $4,012,270. Corporate insiders own 0.51% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors have recently modified their holdings of BB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of 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 purchasing an additional 14,544,005 shares during the last quarter. First Trust Advisors LP raised its position in BlackBerry by 34.4% in the 4th quarter. First Trust Advisors LP now owns 24,991,652 shares of the company’s stock worth $94,718,000 after purchasing an additional 6,399,502 shares during the last quarter. Bank of America Corp DE raised its position in BlackBerry by 183.6% in the 2nd quarter. Bank of America Corp DE now owns 4,604,205 shares of the company’s stock worth $21,087,000 after purchasing an additional 2,980,732 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 buying an additional 2,421,578 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of BlackBerry by 139.2% in the 1st quarter. Renaissance Technologies LLC now owns 3,545,543 shares of the company’s stock valued at $11,488,000 after buying an additional 2,063,153 shares during the period. 54.48% of the stock is owned by institutional investors.

About BlackBerry

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.