BlackBerry Limited (NYSE:BB) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• BlackBerry Limited (NYSE:BB) has received an average analyst rating of "Moderate Buy", with three analysts recommending a buy and three a hold on the stock.
• The company's quarterly earnings showed a revenue of $121.26 million, exceeding analyst estimates, but its revenue was down 15.5% year-over-year.
• CEO John Joseph Giamatteo sold 26,998 shares, representing a 4.85% decrease in his ownership, while several institutional investors increased their stakes in BlackBerry during the first quarter.

BlackBerry Limited (NYSE:BB - Get Free Report) has earned an average rating of "Moderate Buy" from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $4.60.

A number of equities research analysts have recently issued reports on BB shares. Canaccord Genuity Group upped their price objective on shares of BlackBerry from $4.25 to $4.60 and gave the company a "hold" rating in a research note on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of BlackBerry in a research report on Tuesday, June 24th. Royal Bank Of Canada increased their target price on BlackBerry from $3.75 to $4.00 and gave the company a "sector perform" rating in a report on Friday, June 20th. Robert W. Baird boosted their price objective on BlackBerry from $4.00 to $5.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Finally, Wall Street Zen cut shares of BlackBerry from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

BlackBerry Stock Performance

BlackBerry stock opened at $3.91 on Friday. BlackBerry has a 1-year low of $2.24 and a 1-year high of $6.24. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.31 billion, a PE ratio of -65.08 and a beta of 1.49. The firm's 50 day simple moving average is $3.84 and its 200 day simple moving average is $3.89.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.03. The firm had revenue of $121.26 million during the quarter, compared to analyst estimates of $112.18 million. BlackBerry had a negative net margin of 6.44% and a positive return on equity of 2.29%. The business's revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. BlackBerry has set its Q2 2026 guidance at 0.000-0.010 EPS. FY 2026 guidance at 0.080-0.100 EPS. As a group, analysts expect that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total value of $116,631.36. Following the transaction, the chief executive officer owned 530,135 shares in the company, valued at approximately $2,290,183.20. The trade was a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip S. Kurtz sold 16,217 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $5.25, for a total transaction of $85,139.25. Following the transaction, the insider directly owned 57,503 shares of the company's stock, valued at approximately $301,890.75. This trade represents a 22.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 58,417 shares of company stock worth $267,524. Insiders own 0.37% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Voya Investment Management LLC purchased a new position in BlackBerry during the 1st quarter valued at about $95,166,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BlackBerry by 69.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,112,391 shares of the company's stock valued at $87,064,000 after purchasing an additional 9,442,676 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of BlackBerry by 1.0% during the first quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company's stock valued at $86,936,000 after purchasing an additional 218,684 shares during the last quarter. First Trust Advisors LP boosted its position in shares of BlackBerry by 5.0% in the 2nd quarter. First Trust Advisors LP now owns 15,748,114 shares of the company's stock worth $72,126,000 after purchasing an additional 751,216 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 worth $71,397,000 after buying an additional 14,544,005 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.

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