BlackBerry (NYSE:BB) Given "Hold" Rating at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has reiterated a **"hold" rating** for BlackBerry (NYSE:BB) with a price target of **$4.60**, indicating a potential downside of **0.97%** from its current price.
• BlackBerry reported a quarterly earnings per share of **$0.04**, surpassing analysts' expectations of **$0.01**, despite a **10.6% decline** in revenue year-over-year.
• CEO **John Joseph Giamatteo** sold **26,998 shares** at an average price of **$4.32**, reducing his stake in the company by **4.85%**.

BlackBerry (NYSE:BB - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $4.60 price target on the stock. Canaccord Genuity Group's price target would indicate a potential downside of 0.97% from the stock's current price.

Several other equities research analysts also recently issued reports on BB. Wall Street Zen downgraded BlackBerry from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Royal Bank Of Canada set a $4.00 target price on BlackBerry and gave the company a "sector perform" rating in a report on Monday. Robert W. Baird increased their price target on shares of BlackBerry from $4.00 to $5.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Finally, CIBC restated an "outperform" rating on shares of BlackBerry in a research report on Tuesday, June 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $4.60.

BlackBerry Stock Up 8.8%

BB stock opened at $4.65 on Friday. The stock has a fifty day moving average of $3.86 and a 200-day moving average of $3.88. BlackBerry has a fifty-two week low of $2.24 and a fifty-two week high of $6.24. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -77.42 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.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $130.96 million during the quarter, compared to analyst estimates of $122.03 million. The company's quarterly revenue was down 10.6% compared to the same quarter last year. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. As a group, equities research analysts predict that BlackBerry will post -0.03 earnings per share for the current year.

Insider Buying and Selling

In other BlackBerry news, CEO John Joseph Giamatteo sold 26,998 shares of the company's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $4.32, for a total value of $116,631.36. Following the completion of the transaction, the chief executive officer owned 530,135 shares in the company, valued at $2,290,183.20. This represents a 4.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 42,200 shares of company stock valued at $182,385. Corporate insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On BlackBerry

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in BlackBerry by 216.2% in the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company's stock valued at $27,000 after buying an additional 4,893 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in BlackBerry during the first quarter valued at approximately $37,000. OneDigital Investment Advisors LLC bought a new stake in BlackBerry during the 1st quarter worth approximately $40,000. LeConte Wealth Management LLC purchased a new position in shares of BlackBerry during the 2nd quarter valued at $61,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of BlackBerry by 31.5% in the second quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company's stock worth $67,000 after purchasing an additional 3,500 shares during the period. 54.48% of the stock is owned by institutional investors.

BlackBerry Company Profile

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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