BlackBerry Limited (NYSE:BB – Get Free Report) was the target of some unusual options trading on Monday. Investors bought 51,950 call options on the stock. This is an increase of approximately 62% compared to the average daily volume of 32,093 call options.
Analyst Ratings Changes
Several research firms have recently issued reports on BB. Weiss Ratings lowered BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Wall Street Zen lowered BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research report on Friday, April 10th. Finally, Canaccord Genuity Group lowered their price target on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $4.88.
Check Out Our Latest Stock Analysis on BlackBerry
Insider Buying and Selling at BlackBerry
Institutional Trading of BlackBerry
Several hedge funds have recently modified their holdings of BB. Delos Wealth Advisors LLC purchased a new stake in BlackBerry during the 3rd quarter valued at $34,000. Wealthfront Advisers LLC purchased a new stake in BlackBerry during the 1st quarter valued at $34,000. Bank of New York Mellon Corp purchased a new stake in BlackBerry during the 1st quarter valued at $37,000. CI Investments Inc. raised its holdings in BlackBerry by 48.4% during the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock valued at $41,000 after buying an additional 2,745 shares during the period. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in BlackBerry during the 4th quarter valued at $46,000. 54.48% of the stock is owned by hedge funds and other institutional investors.
BlackBerry Stock Performance
NYSE:BB traded up $0.21 during mid-day trading on Monday, reaching $6.40. The company’s stock had a trading volume of 24,272,615 shares, compared to its average volume of 12,273,771. BlackBerry has a 12-month low of $3.12 and a 12-month high of $6.64. The firm’s fifty day moving average price is $4.33 and its two-hundred day moving average price is $4.09. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.76 billion, a P/E ratio of 79.95 and a beta of 2.10.
BlackBerry (NYSE:BB – Get Free Report) last released its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $157.96 million during the quarter, compared to the consensus estimate of $144.27 million. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, equities analysts forecast that BlackBerry will post 0.13 EPS for the current fiscal year.
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.
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