BlackBerry (TSE:BB) Shares Climb 6.3% - What's Next?

Key Points

• BlackBerry shares rose 6.3% to C$12.30 in midday trading, reaching C$12.33 at the session high, with volume about 10% above average.
• Analyst sentiment is moderately bullish: Stifel Nicolaus maintained a “buy” rating with a C$12.00 price target, while the consensus rating is “Moderate Buy.”
• The company reported quarterly EPS of C$0.10 on revenue of C$219.02 million, while insiders sold 90,901 shares worth approximately $1.47 million during the last quarter.

BlackBerry Limited (TSE:BB - Get Free Report) NASDAQ: BBRY's stock price traded up 6.3% during mid-day trading on Monday. The stock traded as high as C$12.33 and last traded at C$12.30. 4,212,824 shares traded hands during mid-day trading, an increase of 10% from the average session volume of 3,825,112 shares. The stock had previously closed at C$11.57.

Analyst Ratings Changes

Separately, Stifel Nicolaus set a C$12.00 price objective on shares of BlackBerry and gave the company a "buy" rating in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, BlackBerry currently has an average rating of "Moderate Buy" and a consensus price target of C$12.00.

BlackBerry Stock Performance

The company has a debt-to-equity ratio of 27.92, a current ratio of 2.38 and a quick ratio of 1.49. The stock has a 50-day moving average price of C$11.57 and a 200-day moving average price of C$10.32. The firm has a market capitalization of C$7.45 billion, a PE ratio of 97.62, a price-to-earnings-growth ratio of 0.06 and a beta of 1.31.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY last issued its quarterly earnings results on Thursday, September 24th. The company reported C$0.10 EPS for the quarter. The firm had revenue of C$219.02 million during the quarter. BlackBerry had a return on equity of 10.66% and a net margin of 13.11%. On average, research analysts expect that BlackBerry Limited will post 0.0551903 EPS for the current fiscal year.

Insider Activity at BlackBerry

In related news, insider Jennifer Mary Armstrong-Owen sold 2,556 shares of BlackBerry stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of C$15.39, for a total value of C$39,336.84. Following the completion of the transaction, the insider directly owned 101,751 shares in the company, valued at approximately C$1,565,947.89. This trade represents a 2.45% decrease in their ownership of the stock. Also, insider Philip Simon Kurtz sold 30,000 shares of BlackBerry stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of C$15.92, for a total value of C$477,600.00. Following the completion of the transaction, the insider owned 95,158 shares of the company's stock, valued at C$1,514,915.36. This trade represents a 23.97% decrease in their ownership of the stock. Over the last quarter, insiders have sold 90,901 shares of company stock valued at $1,473,162. 1.70% of the stock is owned by insiders.

About BlackBerry

BlackBerry NYSE: BBTSX: BB provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management.

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