BlackBerry (NYSE:BB) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• BlackBerry's stock has been given a "Sell (D-)" rating by Weiss Ratings, reflecting skepticism from analysts about its future performance.
• Despite the negative review from Weiss Ratings, Zacks Research has upgraded BlackBerry from "hold" to "strong-buy," showing mixed sentiments among analysts.
• BlackBerry reported earnings per share (EPS) of $0.04, exceeding expectations, but revenue decreased by 10.6% year-over-year.

BlackBerry (NYSE:BB - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also issued reports on BB. Zacks Research raised BlackBerry from a "hold" rating to a "strong-buy" rating in a report on Monday, September 29th. Wall Street Zen raised BlackBerry from a "hold" rating to a "buy" rating in a research note on Friday, September 26th. CIBC restated an "outperform" rating on shares of BlackBerry in a report on Tuesday, June 24th. TD Cowen reiterated a "hold" rating and set a $5.00 target price on shares of BlackBerry in a report on Friday, October 3rd. Finally, TD Securities downgraded shares of BlackBerry from a "buy" rating to a "hold" rating and boosted their price objective for the company from $4.00 to $5.00 in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, BlackBerry presently has an average rating of "Hold" and an average target price of $5.10.

BlackBerry Price Performance

BB stock traded up $0.11 during midday trading on Wednesday, reaching $4.76. 9,187,957 shares of the stock were exchanged, compared to its average volume of 16,298,560. The stock has a market capitalization of $2.81 billion, a PE ratio of -476.00 and a beta of 1.51. BlackBerry has a 52 week low of $2.24 and a 52 week high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20. The company has a fifty day moving average price of $4.00 and a 200 day moving average price of $3.90.

BlackBerry (NYSE:BB - Get Free Report) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $130.96 million for the quarter, compared to the consensus estimate of $122.03 million. The firm'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, analysts expect that BlackBerry will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other BlackBerry news, insider Philip S. Kurtz sold 44,178 shares of BlackBerry stock in a transaction on Sunday, September 28th. The shares were sold at an average price of $4.95, for a total value of $218,681.10. Following the completion of the transaction, the insider owned 95,468 shares of the company's stock, valued at approximately $472,566.60. The trade was a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mattias Eriksson sold 5,914 shares of BlackBerry stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the sale, the insider owned 291,340 shares in the company, valued at approximately $1,345,990.80. This trade represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,565 shares of company stock valued at $423,706. Insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On BlackBerry

A number of institutional investors and hedge funds have recently bought and sold shares of BB. Chicago Partners Investment Group LLC acquired a new position in BlackBerry in the first quarter valued at approximately $37,000. OneDigital Investment Advisors LLC purchased a new stake in BlackBerry during the 1st quarter worth approximately $40,000. LeConte Wealth Management LLC purchased a new stake in BlackBerry during the 2nd quarter worth approximately $61,000. Benjamin Edwards Inc. increased its stake in BlackBerry by 31.5% during 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 period. Finally, Ground Swell Capital LLC purchased a new stake in BlackBerry during the 2nd quarter worth approximately $69,000. 54.48% of the stock is currently owned by institutional investors and hedge funds.

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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