BlackBerry (NYSE:BB) Downgraded to “Hold” Rating by TD Securities

TD Securities cut shares of BlackBerry (NYSE:BB) from a buy rating to a hold rating in a research report sent to investors on Friday morning, Marketbeat reports. The firm currently has $5.00 target price on the stock, up from their prior target price of $4.00.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $4.60 target price on shares of BlackBerry in a report on Friday, September 26th. Royal Bank Of Canada increased their price objective on BlackBerry from $4.00 to $4.50 and gave the stock a “sector perform” rating in a research report on Friday, September 26th. Wall Street Zen upgraded BlackBerry from a “hold” rating to a “buy” rating in a report on Friday, September 26th. Robert W. Baird upped their target price on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research note on Friday, September 26th. Finally, CIBC reiterated an “outperform” rating on shares of BlackBerry in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.10.

BlackBerry Stock Down 5.4%

BlackBerry stock opened at $4.50 on Friday. BlackBerry has a 1-year low of $2.24 and a 1-year high of $6.24. The stock has a market cap of $2.65 billion, a PE ratio of -449.50 and a beta of 1.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20. The stock’s fifty day moving average is $3.96 and its two-hundred day moving average is $3.89.

BlackBerry (NYSE:BB) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $130.96 million during the quarter, compared to the consensus estimate of $122.03 million. BlackBerry had a positive return on equity of 6.07% and a negative net margin of 0.60%.BlackBerry’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. On average, sell-side analysts expect that BlackBerry will post -0.03 EPS for the current fiscal year.

Insider Activity at BlackBerry

In related news, insider Philip S. Kurtz sold 44,178 shares of the firm’s stock in a transaction dated Sunday, September 28th. The stock was sold at an average price of $4.95, for a total transaction of $218,681.10. Following the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On BlackBerry

Institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in BlackBerry by 3.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 813,155 shares of the company’s stock valued at $3,074,000 after purchasing an additional 26,129 shares during the last quarter. Parallel Advisors LLC increased its position in BlackBerry by 216.2% in the first quarter. Parallel Advisors LLC now owns 7,156 shares of the company’s stock worth $27,000 after buying an additional 4,893 shares during the period. SG Americas Securities LLC lifted its position in BlackBerry by 7.6% in the 1st quarter. SG Americas Securities LLC now owns 108,672 shares of the company’s stock valued at $410,000 after purchasing an additional 7,684 shares during the last quarter. Tobam acquired a new position in shares of BlackBerry during the first quarter worth approximately $86,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of BlackBerry by 10.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 38,357 shares of the company’s stock worth $145,000 after purchasing an additional 3,755 shares in the last quarter. Institutional investors and hedge funds own 54.48% of the company’s stock.

About BlackBerry

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.