BlackBerry (NYSE:BB) Trading 8.6% Higher - What's Next?

Key Points

• Shares rose 8.6% to about $4.47 on Thursday, trading as high as $4.49 with roughly 10.39 million shares changing hands — about 29% above the average daily volume.
• Quarterly results topped expectations: BlackBerry reported $0.06 EPS vs. $0.04 expected and revenue of $157.96M vs. $144.27M (revenue +10.1% YoY), and provided Q1 2027 guidance of $0.020–0.030 EPS and FY2027 guidance of $0.150–0.190 EPS.
• Analysts maintain a consensus "Hold" with an average price target of $4.88 (one Buy vs. seven Holds) amid recent mixed rating moves, and company insiders have been selling shares recently (insiders now own 0.37% of stock).

BlackBerry Limited (NYSE:BB - Get Free Report) shares were up 8.6% on Thursday . The company traded as high as $4.49 and last traded at $4.4650. Approximately 10,385,903 shares traded hands during trading, an increase of 29% from the average daily volume of 8,075,249 shares. The stock had previously closed at $4.11.

Analysts Set New Price Targets

BB has been the topic of a number of research reports. Canaccord Genuity Group dropped their price objective on BlackBerry from $4.60 to $4.40 and set a "hold" rating on the stock in a report on Friday, April 10th. Wall Street Zen raised shares of BlackBerry from a "hold" rating to a "buy" rating in a research report on Saturday, April 11th. Royal Bank Of Canada restated a "sector perform" rating and set a $4.50 price target on shares of BlackBerry in a research note on Friday, April 10th. TD Securities upgraded shares of BlackBerry to a "hold" rating in a report on Monday, December 22nd. Finally, Weiss Ratings upgraded shares of BlackBerry from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.88.

BlackBerry Price Performance

The stock's 50 day moving average price is $3.45 and its two-hundred day moving average price is $3.96. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 56.69 and a beta of 1.70.

BlackBerry (NYSE:BB - Get Free Report) last released its earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The firm had revenue of $157.96 million during the quarter, compared to analyst estimates of $144.27 million. BlackBerry had a net margin of 9.69% and a return on equity of 10.09%. The business's revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. 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, equities research analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current year.

Insider Activity at BlackBerry

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

Institutional Trading of BlackBerry

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of BlackBerry by 34.4% during the fourth quarter. First Trust Advisors LP now owns 24,991,652 shares of the company's stock valued at $94,718,000 after purchasing an additional 6,399,502 shares during the period. Vanguard Group Inc. increased its holdings in BlackBerry by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 23,935,970 shares of the company's stock valued at $90,334,000 after buying an additional 142,924 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of BlackBerry by 1.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,799,334 shares of the company's stock valued at $77,116,000 after buying an additional 209,448 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BlackBerry by 21.3% during the 3rd quarter. Bank of America Corp DE now owns 5,584,564 shares of the company's stock worth $27,253,000 after acquiring an additional 980,359 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of BlackBerry by 31.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,051,338 shares of the company's stock valued at $15,355,000 after acquiring an additional 972,738 shares in the last quarter. Institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.