BlackBerry Limited (NYSE:BB) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on BlackBerry, with nine holds and two buys among 11 analysts. The average 12-month price target is $8.92, including targets ranging from $8.00 to $12.00.
• BlackBerry exceeded quarterly expectations, reporting earnings of $0.04 per share versus a $0.03 estimate and revenue of $152.9 million, up 25.6% year over year.
• Shares opened at $8.17, with a market capitalization of $4.8 billion and a 12-month trading range of $3.12 to $13.59. Insiders sold 355,858 shares worth approximately $4.0 million over the last quarter, while institutions own 54.48% of the stock.

BlackBerry Limited (NYSE:BB - Get Free Report) has earned an average rating of "Hold" from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Nine investment 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 analysts that have updated their coverage on the stock in the last year is $8.9222.

Several equities analysts have recently commented on the company. Stifel Nicolaus initiated coverage on BlackBerry in a research report on Wednesday, June 24th. They set a "buy" rating and a $12.00 price objective on the stock. Weiss Ratings upgraded shares of BlackBerry from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, July 28th. Zacks Research downgraded BlackBerry from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Canaccord Genuity Group boosted their target price on BlackBerry from $8.20 to $10.30 and gave the company a "hold" rating in a research note on Friday, June 26th. Finally, TD Securities restated a "hold" rating and set a $8.00 target price on shares of BlackBerry in a report on Friday, June 26th.

BlackBerry Stock Performance

Shares of BB opened at $8.17 on Monday. The company has a market cap of $4.80 billion, a PE ratio of 90.79 and a beta of 2.26. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $9.42 and a 200-day moving average price of $6.77. BlackBerry has a 12-month low of $3.12 and a 12-month high of $13.59.

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings data on Thursday, June 25th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. BlackBerry had a net margin of 10.31% and a return on equity of 11.66%. The firm had revenue of $152.90 million for the quarter, compared to analysts' expectations of $136.10 million. During the same quarter last year, the company posted $0.02 EPS. The business's quarterly revenue was up 25.6% on a year-over-year basis. BlackBerry has set its FY 2027 guidance at 0.160-0.200 EPS and its Q2 2027 guidance at 0.030-0.040 EPS. As a group, equities analysts forecast that BlackBerry will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Philip S. Kurtz sold 6,414 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $11.07, for a total transaction of $71,002.98. Following the completion of the sale, the insider owned 125,158 shares of the company's stock, valued at approximately $1,385,499.06. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tim Foote sold 25,878 shares of the firm's stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $12.39, for a total transaction of $320,628.42. Following the completion of the transaction, the chief financial officer owned 58,372 shares in the company, valued at $723,229.08. This represents a 30.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 355,858 shares of company stock valued at $4,012,270 over the last quarter. Company insiders own 0.51% of the company's stock.

Institutional Investors Weigh In On BlackBerry

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CoreCap Advisors LLC bought a new stake in BlackBerry in the 2nd quarter worth $31,000. Elevation Wealth Partners LLC bought a new position in shares of BlackBerry during the second quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in shares of BlackBerry during the second quarter valued at about $50,000. Nykredit A S purchased a new stake in shares of BlackBerry during the second quarter worth about $111,000. Finally, Csenge Advisory Group purchased a new stake in shares of BlackBerry during the second quarter worth about $126,000. 54.48% of the stock is currently owned by institutional investors.

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.

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