Analysts Set BlackBerry Limited (NYSE:BB) PT at $5.10

Shares of BlackBerry Limited (NYSE:BB) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $4.92.

Several equities research analysts have recently weighed in on BB shares. TD Securities raised BlackBerry to a “hold” rating in a research note on Monday, December 22nd. Canaccord Genuity Group reaffirmed a “hold” rating and set a $4.60 target price on shares of BlackBerry in a research report on Friday, December 19th. Wall Street Zen lowered BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $4.50 price target on shares of BlackBerry in a research note on Friday, December 19th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of BlackBerry in a report on Wednesday, March 25th.

Insider Activity at BlackBerry

In other BlackBerry news, CEO John Joseph Giamatteo sold 87,723 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $3.88, for a total value of $340,365.24. Following the completion of the transaction, the chief executive officer directly owned 818,557 shares in the company, valued at $3,176,001.16. This trade represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On BlackBerry

Hedge funds have recently made changes to their positions in the company. First Trust Advisors LP boosted its stake 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 period. Vanguard Group Inc. raised 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 valued at $90,334,000 after purchasing an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BlackBerry by 1.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company’s stock valued at $77,116,000 after purchasing an additional 209,448 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of BlackBerry in the second quarter valued at $52,441,000. Finally, Marshall Wace LLP boosted its position in shares of BlackBerry by 21,832.6% in the second quarter. Marshall Wace LLP now owns 8,860,764 shares of the company’s stock worth $40,582,000 after buying an additional 8,820,364 shares during the period. Hedge funds and other institutional investors own 54.48% of the company’s stock.

BlackBerry Trading Up 0.1%

BlackBerry stock opened at $3.47 on Thursday. 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 firm has a market cap of $2.04 billion, a price-to-earnings ratio of 115.54 and a beta of 1.70. BlackBerry has a 1 year low of $2.80 and a 1 year high of $5.32. The firm’s 50 day moving average price is $3.42 and its two-hundred day moving average price is $4.00.

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.