BlackBerry (NYSE:BB) Receives Hold Rating from TD Cowen

Key Points

• TD Cowen has reissued a "hold" rating for BlackBerry, with a price target set at $5.00, indicating a potential upside of 9.05% from its current trading price.
• BlackBerry reported an earnings per share of $0.04 for the last quarter, exceeding expectations, although revenue declined 10.6% year-over-year.
• Insider trading activity showed that Philip S. Kurtz sold 44,178 shares at an average price of $4.95, representing a significant decrease in their holdings by 31.64%.

BlackBerry (NYSE:BB - Get Free Report)'s stock had its "hold" rating reissued by equities researchers at TD Cowen in a research note issued on Friday,Benzinga reports. They currently have a $5.00 price objective on the stock. TD Cowen's target price would suggest a potential upside of 9.05% from the company's current price.

Several other research analysts have also issued reports on BB. Zacks Research raised BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Monday. Royal Bank Of Canada increased their target price on BlackBerry from $4.00 to $4.50 and gave the stock a "sector perform" rating in a research report on Friday, September 26th. CIBC reissued an "outperform" rating on shares of BlackBerry in a research report on Tuesday, June 24th. Robert W. Baird increased their target price on BlackBerry from $5.00 to $5.50 and gave the stock a "neutral" rating in a research report on Friday, September 26th. Finally, TD Securities lowered BlackBerry from a "buy" rating to a "hold" rating and increased their target price for the stock from $4.00 to $5.00 in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.10.

BlackBerry Trading Down 3.5%

NYSE BB traded down $0.17 on Friday, hitting $4.59. The company's stock had a trading volume of 4,808,751 shares, compared to its average volume of 16,323,214. BlackBerry has a 52-week low of $2.24 and a 52-week high of $6.24. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.27. The company's 50-day simple moving average is $3.95 and its 200 day simple moving average is $3.90. The firm has a market cap of $2.71 billion, a P/E ratio of -457.50 and a beta of 1.51.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.The business had revenue of $130.96 million during the quarter, compared to analysts' expectations of $122.03 million. The business's revenue for the quarter was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS. FY 2026 guidance at 0.110-0.15 EPS. Research analysts predict that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Activity at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 44,178 shares of BlackBerry stock in a transaction on Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the completion of the sale, the insider owned 95,468 shares of the company's stock, valued at approximately $472,566.60. This trade represents a 31.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.37% of the company's stock.

Institutional Trading of BlackBerry

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

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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