V2 Financial group LLC Decreases Holdings in BlackBerry Limited (NYSE:BB)

V2 Financial group LLC decreased its stake in BlackBerry Limited (NYSE:BB) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,200 shares of the company’s stock after selling 3,000 shares during the quarter. V2 Financial group LLC’s holdings in BlackBerry were worth $95,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BB. EdgePoint Investment Group Inc. raised its stake in BlackBerry by 15.9% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company’s stock valued at $31,238,000 after purchasing an additional 1,637,916 shares during the last quarter. Potrero Capital Research LLC purchased a new stake in shares of BlackBerry during the third quarter worth $2,359,000. Capstone Investment Advisors LLC acquired a new stake in shares of BlackBerry in the third quarter valued at about $1,285,000. Intact Investment Management Inc. lifted its stake in shares of BlackBerry by 25.7% in the third quarter. Intact Investment Management Inc. now owns 1,439,240 shares of the company’s stock worth $3,789,000 after buying an additional 294,250 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in BlackBerry during the third quarter worth about $410,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BB. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and increased their price objective for the company from $3.25 to $4.00 in a report on Friday, December 20th. Canaccord Genuity Group increased their price target on BlackBerry from $2.80 to $3.00 and gave the company a “hold” rating in a report on Friday, December 20th. CIBC boosted their price objective on BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada raised their target price on BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research note on Friday, January 10th. Finally, StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, BlackBerry presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.69.

BlackBerry Stock Performance

NYSE BB opened at $5.25 on Monday. The stock has a market cap of $3.10 billion, a PE ratio of -23.84 and a beta of 1.31. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $5.34. The stock has a fifty day simple moving average of $3.77 and a 200-day simple moving average of $2.87. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. The business had revenue of $143.00 million during the quarter, compared to analysts’ expectations of $144.84 million. During the same period last year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Insider Buying and Selling at BlackBerry

In other BlackBerry news, insider Mattias Eriksson sold 14,475 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total transaction of $53,268.00. Following the sale, the insider now directly owns 238,838 shares in the company, valued at $878,923.84. This represents a 5.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jay P. Chai sold 24,425 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.19, for a total transaction of $102,340.75. The disclosure for this sale can be found here. Insiders have sold a total of 244,221 shares of company stock valued at $925,655 over the last quarter. 0.34% of the stock is owned by company insiders.

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.