BlackBerry (NYSE:BB) Hits New 1-Year High – Should You Buy?

BlackBerry Limited (NYSE:BB)’s share price hit a new 52-week high on Monday . The stock traded as high as $6.07 and last traded at $5.9380, with a volume of 3570844 shares. The stock had previously closed at $5.42.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen lowered BlackBerry from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $4.50 price objective on shares of BlackBerry in a research report on Friday, April 10th. Weiss Ratings lowered BlackBerry from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, April 27th. Finally, Canaccord Genuity Group lowered their price objective on BlackBerry from $4.60 to $4.40 and set a “hold” rating for the company in a research report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, BlackBerry has an average rating of “Hold” and an average target price of $4.88.

BlackBerry Trading Up 0.4%

The firm has a market capitalization of $3.29 billion, a PE ratio of 70.07 and a beta of 2.10. The company’s 50-day moving average price is $3.89 and its 200-day moving average price is $4.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.12 and a current ratio of 2.12.

BlackBerry (NYSE:BB) last posted its quarterly earnings results on Thursday, April 9th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02. BlackBerry had a return on equity of 10.09% and a net margin of 9.69%.The company had revenue of $157.96 million for the quarter, compared to analysts’ expectations of $144.27 million. During the same period last year, the firm earned $0.03 earnings per share. BlackBerry’s quarterly revenue was up 10.1% on a year-over-year basis. BlackBerry has set its Q1 2027 guidance at 0.020-0.030 EPS and its FY 2027 guidance at 0.150-0.190 EPS. On average, sell-side analysts expect that BlackBerry Limited will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,908 shares of the firm’s stock in a transaction on Saturday, April 4th. The stock was sold at an average price of $3.56, for a total value of $106,472.48. Following the sale, the senior vice president directly owned 94,903 shares in the company, valued at $337,854.68. This trade represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John Joseph Giamatteo sold 27,066 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.56, for a total value of $96,354.96. Following the completion of the sale, the chief executive officer owned 899,146 shares in the company, valued at approximately $3,200,959.76. This represents a 2.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 73,171 shares of company stock worth $260,489. 0.37% of the stock is owned by insiders.

Hedge Funds Weigh In On BlackBerry

Several hedge funds have recently made changes to their positions in BB. Delos Wealth Advisors LLC purchased a new position in shares of BlackBerry during the third quarter worth about $34,000. CI Investments Inc. grew its holdings in shares of BlackBerry by 48.4% during the third quarter. CI Investments Inc. now owns 8,414 shares of the company’s stock worth $41,000 after buying an additional 2,745 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of BlackBerry during the first quarter worth about $34,000. Bank of New York Mellon Corp purchased a new position in shares of BlackBerry during the first quarter worth about $37,000. Finally, NewEdge Advisors LLC grew its holdings in shares of BlackBerry by 2,349.1% during the third quarter. NewEdge Advisors LLC now owns 11,682 shares of the company’s stock worth $57,000 after buying an additional 11,205 shares during the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

About BlackBerry

BlackBerry Limited, formerly known as Research In Motion (RIM), is a Canadian enterprise software and cybersecurity company based in Waterloo, Ontario. Since its founding in 1984, the firm has evolved from a pioneer in mobile devices into a specialist in secure communications, endpoint management, and embedded systems software. BlackBerry’s core mission today centers on delivering security-first solutions that protect critical data and infrastructure across diverse industries.

At the heart of BlackBerry’s offerings is the BlackBerry Spark® platform, which combines unified endpoint management (UEM), secure communications, and artificial intelligence–driven threat detection into a single framework.