BlackBerry's (BB) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• BlackBerry's stock rating was reaffirmed as "sell (D-)" by Weiss Ratings, with a consensus price target of $5.10 among analysts.
• The company's stock rose 3.6%, reaching $4.78, with a past 12-month trading range between $2.24 and $6.24.
• Following recent transactions, BlackBerry's CEO and an insider sold shares at an average price of $4.62, leading to notable decreases in their holdings.

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

Several other equities analysts have also recently issued reports on the company. TD Cowen reaffirmed a "hold" rating and issued a $5.00 price objective on shares of BlackBerry in a research report on Friday, October 3rd. Zacks Research raised BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. Royal Bank Of Canada boosted their target price on shares of BlackBerry from $4.00 to $4.50 and gave the company a "sector perform" rating in a research note on Friday, September 26th. TD Securities lowered shares of BlackBerry from a "buy" rating to a "hold" rating and boosted their target price for the company from $4.00 to $5.00 in a research note on Friday, October 3rd. Finally, Robert W. Baird boosted their target price on shares of BlackBerry from $5.00 to $5.50 and gave the company a "neutral" rating in a research note on Friday, September 26th. One 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 given a Sell rating to the company. Based on data from MarketBeat, BlackBerry currently has a consensus rating of "Hold" and a consensus price target of $5.10.

BlackBerry Stock Up 3.6%

BB stock traded up $0.17 during midday trading on Friday, hitting $4.78. The company's stock had a trading volume of 8,783,063 shares, compared to its average volume of 15,917,692. The company has a market cap of $2.82 billion, a PE ratio of -477.50 and a beta of 1.51. BlackBerry has a 12 month low of $2.24 and a 12 month 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 firm's 50-day moving average is $4.22 and its 200-day moving average is $3.97.

BlackBerry (NYSE:BB - Get Free Report) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $130.96 million for the quarter, compared to analysts' expectations of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry's revenue for the quarter 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. On average, equities research analysts forecast that BlackBerry will post -0.03 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In other news, CEO John Joseph Giamatteo sold 28,343 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $130,944.66. Following the completion of the sale, the chief executive officer directly owned 568,164 shares in the company, valued at $2,624,917.68. This represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mattias Eriksson sold 5,914 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total transaction of $27,322.68. Following the completion of the transaction, the insider directly owned 291,340 shares of the company's stock, valued at $1,345,990.80. This represents a 1.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,565 shares of company stock worth $423,706 in the last three months. Corporate insiders own 0.37% of the company's stock.

Institutional Investors Weigh In On BlackBerry

A number of institutional investors have recently bought and sold shares of BB. Cambridge Investment Research Advisors Inc. increased its stake in BlackBerry by 10.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company's stock worth $145,000 after buying an additional 3,755 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in shares of BlackBerry by 1,457.0% during the first quarter. Oppenheimer & Co. Inc. now owns 239,543 shares of the company's stock valued at $903,000 after purchasing an additional 224,158 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of BlackBerry during the first quarter valued at about $40,000. Ballentine Partners LLC grew its position in shares of BlackBerry by 35.4% during the first quarter. Ballentine Partners LLC now owns 23,339 shares of the company's stock valued at $88,000 after purchasing an additional 6,099 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of BlackBerry by 49.0% during the first quarter. Sigma Planning Corp now owns 24,326 shares of the company's stock valued at $92,000 after purchasing an additional 8,000 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company's stock.

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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