BlackBerry (NYSE:BB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BlackBerry (NYSE:BB) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

BB has been the topic of a number of other reports. TD lifted their price objective on shares of BlackBerry from $5.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Raymond James Financial upped their target price on 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 upgraded BlackBerry from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Canaccord Genuity Group raised their target price on BlackBerry from $8.20 to $10.30 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Royal Bank Of Canada lifted their price target on BlackBerry from $4.50 to $9.00 and gave the company a “sector perform” rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.92.

BlackBerry Stock Performance

Shares of BlackBerry stock opened at $8.16 on Friday. The business has a fifty day simple moving average of $9.41 and a two-hundred day simple moving average of $6.80. BlackBerry has a 1 year low of $3.12 and a 1 year high of $13.59. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 90.68 and a beta of 2.26. 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 issued its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $136.10 million. BlackBerry had a return on equity of 11.66% and a net margin of 10.31%.The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.02 earnings per share. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. Research analysts forecast that BlackBerry will post 0.13 EPS for the current year.

Insider Transactions at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 152,012 shares of the company’s 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 directly owned 687,246 shares in the company, valued at approximately $7,800,242.10. This represents a 18.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Philip S. Kurtz sold 6,414 shares of the firm’s stock in a transaction 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 directly owned 125,158 shares of the company’s stock, valued at $1,385,499.06. The trade was a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 Trading of BlackBerry

Several institutional investors have recently modified their holdings of BB. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in BlackBerry by 1.3% in the first 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 period. Geode Capital Management LLC lifted its holdings in BlackBerry by 263.2% during 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 period. Creative Planning lifted its holdings in BlackBerry by 87.5% during 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 period. Flow Traders U.S. LLC bought a new stake in shares of BlackBerry in the 2nd quarter valued at about $86,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BlackBerry by 1,390.6% in the 2nd 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 last quarter. 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.