BlackBerry Limited (NYSE:BB) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts rate BlackBerry as "Hold": Eight analysts have a consensus rating of Hold (1 sell, 6 hold, 1 buy) with an average 12‑month price target of $5.10.
• Significant insider selling: CEO John Joseph Giamatteo sold 231,765 shares on Jan. 2 (a 27.89% reduction in his position); insiders sold 364,881 shares worth $1.4M in the past 90 days, leaving insiders with 0.37% ownership.
• Stock and valuation snapshot: NYSE:BB opened at $3.37, trades in a 12‑month range of $2.80–$5.32, has a market cap of $1.99B and a trailing P/E of 112.2.

Shares of BlackBerry Limited (NYSE:BB - Get Free Report) have received a consensus rating of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $5.10.

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

BlackBerry Price Performance

NYSE BB opened at $3.37 on Thursday. The firm's 50 day moving average is $3.44 and its 200-day moving average is $4.00. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.99 billion, a PE ratio of 112.20 and a beta of 1.67. BlackBerry has a 12-month low of $2.80 and a 12-month high of $5.32.

Insiders Place Their Bets

In other news, CEO John Joseph Giamatteo sold 231,765 shares of the company's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.82, for a total transaction of $885,342.30. Following the sale, the chief executive officer owned 599,251 shares in the company, valued at $2,289,138.82. This represents a 27.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Philip S. Kurtz sold 11,121 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3.89, for a total value of $43,260.69. Following the completion of the sale, the insider directly owned 110,096 shares of the company's stock, valued at approximately $428,273.44. The trade was a 9.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 364,881 shares of company stock valued at $1,400,034 in the last 90 days. 0.37% of the stock is currently owned by insiders.

Institutional Trading of BlackBerry

A number of large investors have recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC acquired a new position in shares of BlackBerry during the 3rd quarter worth about $34,000. CI Investments Inc. lifted its stake in BlackBerry by 48.4% in the 3rd quarter. CI Investments Inc. now owns 8,414 shares of the company's stock valued at $41,000 after purchasing an additional 2,745 shares during the last quarter. Portfolio Resources Advisor Group Inc. acquired a new stake in BlackBerry in the 4th quarter valued at about $46,000. DGS Capital Management LLC bought a new position in BlackBerry during the fourth quarter worth about $52,000. Finally, State of Wisconsin Investment Board bought a new position in BlackBerry during the fourth quarter worth about $54,000. Institutional investors and hedge funds own 54.48% of the company's stock.

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.

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