BlackBerry Ltd (NYSE:BB) – Equities researchers at Pi Financial decreased their Q4 2021 earnings per share (EPS) estimates for BlackBerry in a research note issued to investors on Thursday, June 25th. Pi Financial analyst G. Papageorgiou now forecasts that the company will earn $0.01 per share for the quarter, down from their previous forecast of $0.07. Pi Financial has a “Neutral” rating on the stock.
Other analysts have also recently issued research reports about the company. Raymond James set a $7.50 target price on BlackBerry and gave the stock a “market perform” rating in a research report on Thursday, June 25th. ValuEngine upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd. TheStreet cut BlackBerry from a “c-” rating to a “d” rating in a report on Tuesday, March 31st. Scotiabank raised their price target on BlackBerry from $4.50 to $5.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $6.00 price target (down from $7.00) on shares of BlackBerry in a research note on Wednesday, April 1st. Twelve analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.86.
Shares of BB stock opened at $4.80 on Monday. BlackBerry has a twelve month low of $2.70 and a twelve month high of $7.76. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of -3.48 and a beta of 1.53. The business’s fifty day moving average is $4.88 and its 200 day moving average is $5.12. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.05.
BlackBerry (NYSE:BB) last issued its quarterly earnings results on Wednesday, June 24th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The company had revenue of $214.00 million for the quarter, compared to analysts’ expectations of $215.58 million. BlackBerry had a positive return on equity of 0.82% and a negative net margin of 75.38%. The firm’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share.
In other BlackBerry news, Director Barbara Stymiest bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, April 3rd. The shares were purchased at an average cost of $3.61 per share, for a total transaction of $36,100.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $36,100. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.56% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. 1832 Asset Management L.P. grew its stake in BlackBerry by 141.2% during the 1st quarter. 1832 Asset Management L.P. now owns 6,415 shares of the company’s stock valued at $26,000 after purchasing an additional 3,755 shares during the last quarter. PrairieView Partners LLC purchased a new stake in BlackBerry during the 1st quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new stake in BlackBerry during the 1st quarter valued at about $32,000. Chevy Chase Trust Holdings Inc. purchased a new stake in BlackBerry during the 4th quarter valued at about $48,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in BlackBerry during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 47.73% of the company’s stock.
BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.
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