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

Key Points

• BlackBerry Limited has been rated as a "Moderate Buy" by analysts, with three firms recommending a buy and three suggesting a hold, yielding an average price target of $4.60.
• The company reported a quarterly earnings beat with an EPS of $0.02 against an estimate of ($0.01), although revenue decreased by 15.5% year-over-year.
• Recent insider transactions include CEO John Joseph Giamatteo selling nearly 27,000 shares at an average price of $4.32, leading to a 4.85% reduction in his ownership stake.

Shares of BlackBerry Limited (NYSE:BB - Get Free Report) have received a consensus rating of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $4.60.

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

BlackBerry Price Performance

BlackBerry stock traded up $0.1050 during mid-day trading on Wednesday, hitting $3.7550. 4,780,248 shares of the company traded hands, compared to its average volume of 7,209,619. BlackBerry has a one year low of $2.22 and a one year high of $6.24. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -62.58 and a beta of 1.49. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.10. The stock has a fifty day moving average price of $4.02 and a 200-day moving average price of $4.08.

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

Insiders Place Their Bets

In related news, insider Philip S. Kurtz sold 16,217 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $5.25, for a total transaction of $85,139.25. Following the completion of the sale, the insider directly owned 57,503 shares in the company, valued at $301,890.75. This represents a 22.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John Joseph Giamatteo sold 26,998 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $4.32, for a total transaction of $116,631.36. Following the sale, the chief executive officer owned 530,135 shares of the company's stock, valued at $2,290,183.20. This represents a 4.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,417 shares of company stock valued at $267,524 over the last quarter. 0.37% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On BlackBerry

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC purchased a new position in BlackBerry during the 1st quarter valued at $95,166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BlackBerry by 1,390.6% during 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 purchasing an additional 14,544,005 shares during the period. Hood River Capital Management LLC purchased a new position in BlackBerry during the 4th quarter valued at $53,267,000. Connor Clark & Lunn Investment Management Ltd. increased its position in BlackBerry by 69.1% during the 1st 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 during the period. Finally, Marshall Wace LLP increased its position in BlackBerry by 21,832.6% during the 2nd quarter. Marshall Wace LLP now owns 8,860,764 shares of the company's stock valued at $40,582,000 after purchasing an additional 8,820,364 shares during the period. 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.