BlackBerry (NYSE:BB) Lowered to "Hold" Rating by TD Securities

Key Points

• BlackBerry was downgraded by TD Securities from a "buy" to a "hold" rating, with a new price target of $5.00, suggesting potential upside from its current price.
• In recent earnings, BlackBerry reported $0.04 EPS, surpassing expectations, but also experienced a 10.6% revenue decline from the previous year.
• Insider trading was noted with Philip S. Kurtz selling 44,178 shares, representing a 31.64% decrease in ownership, valued at around $218,681.

BlackBerry (NYSE:BB - Get Free Report) was downgraded by TD Securities from a "buy" rating to a "hold" rating in a report issued on Friday, MarketBeat Ratings reports. They currently have a $5.00 price objective on the stock, up from their previous price objective of $4.00. TD Securities' price target would suggest a potential upside of 5.15% from the stock's current price.

BB has been the topic of several other reports. Robert W. Baird upped their target price on shares of BlackBerry from $5.00 to $5.50 and gave the company a "neutral" rating in a research report on Friday, September 26th. Canaccord Genuity Group restated a "hold" rating and set a $4.60 target price on shares of BlackBerry in a research report on Friday, September 26th. Zacks Research upgraded shares of BlackBerry from a "hold" rating to a "strong-buy" rating in a research report on Monday. Royal Bank Of Canada upped their target price on shares of BlackBerry from $4.00 to $4.50 and gave the company a "sector perform" rating in a research report on Friday, September 26th. Finally, Wall Street Zen upgraded shares of BlackBerry from a "hold" rating to a "buy" rating in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, BlackBerry has an average rating of "Moderate Buy" and a consensus target price of $4.93.

BlackBerry Stock Down 0.7%

BB opened at $4.76 on Friday. The firm has a 50-day simple moving average of $3.95 and a two-hundred day simple moving average of $3.90. BlackBerry has a 52 week low of $2.24 and a 52 week high of $6.24. The company has a market capitalization of $2.81 billion, a PE ratio of -475.50 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.27.

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

Insider Activity

In other news, insider Philip S. Kurtz sold 44,178 shares of the stock in a transaction that occurred on Sunday, September 28th. The shares were sold at an average price of $4.95, for a total transaction of $218,681.10. Following the transaction, the insider directly owned 95,468 shares in the company, valued at approximately $472,566.60. This trade represents a 31.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.37% of the company's stock.

Hedge Funds Weigh In On BlackBerry

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin Edwards Inc. raised its stake in shares of BlackBerry by 31.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 14,600 shares of the company's stock valued at $67,000 after acquiring an additional 3,500 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of BlackBerry by 10.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company's stock valued at $145,000 after acquiring an additional 3,755 shares during the period. Hsbc Holdings PLC raised its stake in shares of BlackBerry by 16.7% in the 1st quarter. Hsbc Holdings PLC now owns 31,641 shares of the company's stock valued at $119,000 after acquiring an additional 4,525 shares during the period. Parallel Advisors LLC raised its stake in shares of BlackBerry by 216.2% in the 1st quarter. Parallel Advisors LLC now owns 7,156 shares of the company's stock valued at $27,000 after acquiring an additional 4,893 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in shares of BlackBerry by 19.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 30,538 shares of the company's stock valued at $115,000 after acquiring an additional 4,976 shares during the period. 54.48% of the stock is currently owned by institutional investors.

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.