BlackBerry (NYSE:BB) Lowered to Hold Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded BlackBerry from a "Buy" to a "Hold"; the stock's consensus rating is now Hold with a consensus target price of $4.88 and several firms either reiterating holds or trimming targets (RBC $4.50, Canaccord $4.40).
• Q1 results beat expectations—BlackBerry reported $0.06 EPS vs. $0.04 expected and revenue of $157.96M vs. $144.27M—and provided FY2027 guidance of $0.150–0.190 EPS (sell-side average forecast ~0.13 EPS for the year).
• Insider selling has occurred recently (73,171 shares sold in the past 90 days, including sales by the SVP and CEO), while the stock trades around $5.08 with a $2.98B market cap, a P/E of 63.45, and roughly 54.5% institutional ownership.

BlackBerry (NYSE:BB - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently commented on BB. Weiss Ratings upgraded BlackBerry from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, April 10th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $4.50 price objective on shares of BlackBerry in a report on Friday, April 10th. Finally, Canaccord Genuity Group reduced their price objective on BlackBerry from $4.60 to $4.40 and set a "hold" rating for the company in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.88.

BlackBerry Price Performance

NYSE BB opened at $5.08 on Friday. BlackBerry has a one year low of $3.12 and a one year high of $5.79. The stock has a 50-day moving average of $3.69 and a 200 day moving average of $3.99. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 63.45 and a beta of 1.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, April 9th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company had revenue of $157.96 million during the quarter, compared to the consensus estimate of $144.27 million. During the same period last year, the company earned $0.03 EPS. BlackBerry's revenue for the quarter was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, sell-side analysts forecast that BlackBerry will post 0.13 EPS for the current year.

Insider Transactions at BlackBerry

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the business's stock in a transaction dated Saturday, April 4th. The stock was sold at an average price of $3.56, for a total transaction of $106,472.48. Following the completion of the sale, the senior vice president directly owned 94,903 shares in the company, valued at $337,854.68. The trade was a 23.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of the business's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the sale, the chief executive officer owned 899,146 shares of the company's stock, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 73,171 shares of company stock valued at $260,489. Corporate insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On BlackBerry

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of BlackBerry by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,793,046 shares of the company's stock valued at $116,086,000 after buying an additional 517,715 shares in the last quarter. First Trust Advisors LP lifted its position in shares of BlackBerry by 18.1% during the 3rd quarter. First Trust Advisors LP now owns 18,592,150 shares of the company's stock valued at $90,730,000 after buying an additional 2,844,036 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of BlackBerry during the 3rd quarter valued at about $1,192,000. Picton Mahoney Asset Management purchased a new position in shares of BlackBerry during the 3rd quarter valued at about $656,000. Finally, GSA Capital Partners LLP lifted its position in shares of BlackBerry by 5.6% during the 3rd quarter. GSA Capital Partners LLP now owns 105,852 shares of the company's stock valued at $517,000 after buying an additional 5,614 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors.

About BlackBerry

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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