Shares of BlackBerry Limited (NYSE:BB – Get Rating) have received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $5.50.
A number of research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of BlackBerry from $4.25 to $5.00 in a research note on Thursday. TD Securities upgraded shares of BlackBerry from a “reduce” rating to a “hold” rating and lifted their target price for the company from $3.75 to $4.00 in a research note on Friday, March 31st. StockNews.com started coverage on shares of BlackBerry in a research note on Thursday. They issued a “sell” rating for the company. Robert W. Baird lifted their target price on shares of BlackBerry from $5.00 to $5.50 in a research note on Thursday. Finally, CIBC upgraded shares of BlackBerry from a “sector underperform” rating to a “neutral” rating and lifted their target price for the company from $4.20 to $6.50 in a research note on Thursday.
Insider Buying and Selling
In related news, insider Marjorie Dickman sold 28,237 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $4.63, for a total value of $130,737.31. Following the completion of the transaction, the insider now owns 35,372 shares in the company, valued at approximately $163,772.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
Institutional Trading of BlackBerry
BlackBerry Stock Down 0.6 %
Shares of BB opened at $5.38 on Thursday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -3.90 and a beta of 1.59. BlackBerry has a 12 month low of $3.17 and a 12 month high of $7.20. The company has a 50-day moving average price of $4.35 and a two-hundred day moving average price of $4.15.
BlackBerry (NYSE:BB – Get Rating) last announced its quarterly earnings results on Friday, March 31st. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.05. The firm had revenue of $151.00 million during the quarter, compared to analysts’ expectations of $150.97 million. BlackBerry had a negative net margin of 111.89% and a negative return on equity of 10.91%. The company’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. Equities research analysts expect that BlackBerry will post -0.19 EPS for the current fiscal year.
BlackBerry Ltd. engages in providing intelligent security software and services to enterprises and governments. The firm leverages artificial intelligence and machine learning to deliver solutions in the areas of cyber security, safety, and data privacy solutions, and also focuses on the areas of endpoint security, endpoint management, encryption, and embedded systems.
- Get a free copy of the StockNews.com research report on BlackBerry (BB)
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