BlackBerry (NYSE:BB) Stock Rating Lowered by Wall Street Zen

BlackBerry (NYSE:BB) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other equities analysts have also recently issued research reports about the company. TD Securities reissued a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, June 26th. Stifel Nicolaus started coverage on BlackBerry in a report on Wednesday, June 24th. They set a “buy” rating and a $12.00 target price on the stock. Canaccord Genuity Group lifted their price target on BlackBerry from $8.20 to $10.30 and gave the company a “hold” 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 report on Tuesday, July 28th. Finally, Canadian Imperial Bank of Commerce upped their price objective on BlackBerry from $10.00 to $13.00 and gave the stock an “outperformer” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, BlackBerry currently has a consensus rating of “Hold” and an average target price of $8.92.

BlackBerry Stock Down 0.1%

NYSE:BB opened at $8.89 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 2.20. The company’s fifty day moving average price is $9.57 and its 200-day moving average price is $6.44. BlackBerry has a 1-year low of $3.12 and a 1-year high of $13.59. The firm has a market capitalization of $5.22 billion, a P/E ratio of 98.80 and a beta of 2.26.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarterly revenue 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. As a group, equities research analysts anticipate that BlackBerry will post 0.13 EPS for the current year.

Insider Activity at BlackBerry

In other news, SVP Jennifer Armstrong-Owen sold 3,296 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip S. Kurtz sold 6,414 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $11.07, for a total value of $71,002.98. Following the completion of the sale, the insider directly owned 125,158 shares in the company, valued at approximately $1,385,499.06. The trade was a 4.87% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 355,858 shares of company stock worth $4,012,270. 0.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BlackBerry

Several large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new stake in shares of BlackBerry during the second quarter worth $480,710,000. First Trust Advisors LP boosted its holdings in BlackBerry by 34.4% in the fourth 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 period. Vanguard Group Inc. grew its stake in BlackBerry by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company’s stock worth $90,334,000 after purchasing an additional 142,924 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BlackBerry by 1.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock worth $77,116,000 after purchasing an additional 209,448 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company’s stock worth $27,253,000 after purchasing an additional 980,359 shares during the period. 54.48% of the stock is owned by hedge funds and other institutional investors.

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.