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

Wall Street Zen lowered shares of BlackBerry (NYSE:BB) from a buy rating to a hold rating in a research report sent to investors on Saturday.

BB has been the subject of a number of other research reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $4.50 target price on shares of BlackBerry in a research note on Friday, December 19th. Canaccord Genuity Group restated a “hold” rating and issued a $4.60 price objective on shares of BlackBerry in a research note on Friday, December 19th. TD Securities upgraded BlackBerry to a “hold” rating in a research report on Monday, December 22nd. Zacks Research lowered shares of BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a research note on Friday, December 26th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.10.

BlackBerry Price Performance

Shares of NYSE BB opened at $3.46 on Friday. BlackBerry has a fifty-two week low of $2.80 and a fifty-two week high of $6.24. The company has a market cap of $2.03 billion, a PE ratio of 115.21 and a beta of 1.63. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.14 and a current ratio of 2.14. The business has a 50-day simple moving average of $3.86 and a two-hundred day simple moving average of $4.09.

BlackBerry (NYSE:BB) last released its earnings results on Thursday, December 18th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. BlackBerry had a net margin of 4.02% and a return on equity of 8.05%. The company had revenue of $141.80 million during the quarter, compared to analysts’ expectations of $137.54 million. During the same period last year, the business earned $0.02 EPS. BlackBerry’s revenue for the quarter was down 1.3% on a year-over-year basis. BlackBerry has set its FY 2026 guidance at 0.140-0.160 EPS and its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts expect that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 231,765 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3.82, for a total value of $885,342.30. Following the completion of the transaction, the chief executive officer owned 599,251 shares in the company, valued at approximately $2,289,138.82. This represents a 27.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Tim Foote sold 28,600 shares of BlackBerry stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $3.82, for a total value of $109,252.00. Following the completion of the transaction, the chief financial officer owned 41,626 shares of the company’s stock, valued at approximately $159,011.32. This represents a 40.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 364,881 shares of company stock valued at $1,400,034. Corporate insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

Large investors have recently added to or reduced their stakes in the stock. Delos Wealth Advisors LLC acquired a new stake in shares of BlackBerry in the third quarter valued at about $34,000. CI Investments Inc. increased its stake in BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after buying an additional 2,745 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of BlackBerry during the fourth quarter valued at approximately $57,000. NewEdge Advisors LLC lifted its position in shares of BlackBerry by 2,349.1% in the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock valued at $57,000 after acquiring an additional 11,205 shares in the last quarter. Finally, Themes Management Co LLC acquired a new stake in shares of BlackBerry in the fourth quarter worth approximately $60,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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.