BlackBerry Limited (BB) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is neutral: Nine brokerages give BlackBerry an average “Hold” rating, with seven holds and two buys. The average 12-month price target is $9.86.
• BlackBerry exceeded quarterly expectations: The company reported earnings of $0.07 per share versus the $0.04 consensus estimate, while revenue of $166.56 million rose 26% year over year and surpassed forecasts.
• Insiders have been selling shares: Company insiders sold 134,433 shares worth approximately $1.2 million over the past three months, while institutional investors own 54.48% of BlackBerry’s stock.

BlackBerry Limited (NYSE:BB - Get Free Report) has received an average recommendation of "Hold" from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.86.

A number of equities research analysts have recently commented on the company. Zacks Research downgraded BlackBerry from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. TD lifted their target price on BlackBerry from $5.00 to $8.00 and gave the stock a "hold" rating in a report on Friday, June 26th. Raymond James Financial lifted their target price on BlackBerry from $4.75 to $9.50 and gave the stock a "market perform" rating in a report on Friday, June 26th. Stifel Nicolaus assumed coverage on BlackBerry in a research report on Wednesday, June 24th. They set a "buy" rating and a $12.00 target price on the stock. Finally, TD Securities reaffirmed a "hold" rating and set a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th.

BlackBerry Stock Up 1.3%

BB stock opened at $8.16 on Tuesday. BlackBerry has a 12 month low of $3.12 and a 12 month high of $13.59. The firm has a market cap of $4.79 billion, a PE ratio of 68.04 and a beta of 2.20. The firm has a 50 day simple moving average of $8.33 and a 200 day simple moving average of $8.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 2.38.

BlackBerry (NYSE:BB - Get Free Report) last issued its earnings results on Thursday, September 24th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The firm had revenue of $166.56 million during the quarter, compared to analysts' expectations of $144.22 million. BlackBerry had a net margin of 13.09% and a return on equity of 13.71%. The firm's revenue for the quarter was up 26.0% compared to the same quarter last year. During the same period last year, the firm posted $0.04 earnings per share. BlackBerry has set its FY 2027 guidance at 0.190-0.220 EPS and its Q3 2027 guidance at 0.040-0.050 EPS. Equities research analysts forecast that BlackBerry will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 3,379 shares of BlackBerry stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $8.36, for a total value of $28,248.44. Following the transaction, the senior vice president owned 113,904 shares of the company's stock, valued at approximately $952,237.44. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tim Foote sold 16,672 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $9.14, for a total value of $152,382.08. Following the sale, the chief financial officer owned 56,863 shares in the company, valued at approximately $519,727.82. The trade was a 22.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 134,433 shares of company stock worth $1,196,595 in the last three months. Insiders own 0.51% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BB. IFP Advisors Inc purchased a new stake in shares of BlackBerry during the 3rd quarter worth about $45,000. Counterpoint Mutual Funds LLC grew its stake in shares of BlackBerry by 103.6% in the 3rd quarter. Counterpoint Mutual Funds LLC now owns 1,282,610 shares of the company's stock valued at $11,595,000 after buying an additional 652,558 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in shares of BlackBerry in the 3rd quarter valued at approximately $861,000. Pension & Wealth Management Advisors Inc. bought a new stake in shares of BlackBerry in the 3rd quarter valued at approximately $28,000. Finally, Triasima Portfolio Management inc. acquired a new position in BlackBerry in the third quarter worth approximately $814,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

BlackBerry Company Profile

BlackBerry Limited NYSE: BB is a Canadian software company headquartered in Waterloo, Ontario. Once best known for its BlackBerry smartphones and secure mobile messaging, the company has transitioned away from manufacturing smartphones and now focuses on cybersecurity and Internet of Things (IoT) software.

BlackBerry's cybersecurity business provides endpoint security, unified endpoint management, secure communications and other tools designed to protect devices, applications and data.

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