The price of BlackBerry Limited (NYSE:BB) shares last traded on Wall Street fell -3.73% to $4.65.
Based on available information, 11 analysts follow BlackBerry Limited (NYSE:BB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $4.50, we find $5.37. Given the previous closing price of $4.83, this indicates a potential upside of 11.18 percent. BB stock price is now -9.05% away from the 50-day moving average and 4.55% away from the 200-day moving average. The market capitalization of the company currently stands at $2.81B.
Among analysts, 10 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $6.15 as their price target over the next twelve months.
With the price target enhanced from $4.20 to $6.50, CIBC Upgraded its rating from Sector Underperform to Neutral for BlackBerry Limited (NYSE: BB).
In other news, ERIKSSON MATTIAS, President of IoT sold 11,126 shares of the company’s stock on Jun 28. The stock was sold for $61,861 at an average price of $5.56. Upon completion of the transaction, the President of IoT now directly owns 64,721 shares in the company, valued at $0.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03, Chief Gv Aff & Pub Pol Officer Dickman Marjorie sold 28,237 shares of the business’s stock. A total of $130,737 was realized by selling the stock at an average price of $4.63. This leaves the insider owning 35,372 shares of the company worth $0.16 million. Insiders disposed of 18,161,919 shares of company stock worth roughly $84.45 million over the past 1 year. A total of 11.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BB stock. A new stake in BlackBerry Limited shares was purchased by EDGEPOINT INVESTMENT GROUP INC. during the first quarter worth $39,141,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $4,155,000 in shares of BB during the first quarter. In the first quarter, QUADRATURE CAPITAL LTD acquired a new stake in BlackBerry Limited valued at approximately $2,048,000. MARYLAND STATE RETIREMENT & PENSION SYSTEM acquired a new stake in BB for approximately $1,959,000. GSA CAPITAL PARTNERS LLP purchased a new stake in BB valued at around $1,114,000 in the second quarter.
A candlestick chart of BlackBerry Limited (NYSE: BB) showed a price of $4.8000 on Thursday morning. During the past 12 months, BlackBerry Limited has had a low of $3.17 and a high of $7.20. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for BB is $5.1060 and a two-hundred day moving average price translates $4.4475 for the stock.
According to the Software – Infrastructure Company, earnings per share came in at $0.06, beating analysts’ expectations of -$0.05 by 0.11. This compares to -$0.28 EPS in the same period last year. The net profit margin was -65.50% and return on equity was -51.40% for BB. The company reported revenue of $373.0 million for the quarter, compared to $168.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 122.02 percent. For the current quarter, analysts expect BB to generate $156.85M in revenue.
