BlackBerry Limited ( NYSE: BB- ) rose 9.6 % on Wednesday. The stock traded as high as$ 5.03 and last traded at$ 5.07. Approximately 20, 230, 713 stocks traded hands during trading, a drop of 1 % from the average daily volume of 20, 353, 684 stock. The inventory had originally closed at$ 4.62.
Scientist Ratings Changes
Numerous studies organizations have published information on BB. Robert W. Baird lifted their price objective on BlackBerry from$ 3.00 to$ 3.50 and gave the stock a “neutral” rating in a research note on Friday, December 20th. In a study statement released on Friday, December 20th, TD Securities raised BlackBerry’s property from a “hold” score to a “buy” grade, and it also raised its price objective from$ 3.25 to$ 4.25. upgraded BlackBerry from a” market” score to a “hold” standing in a research report on Monday, December 9th. CIBC upped their price objective on BlackBerry from$ 3.50 to$ 3.60 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group lifted their price objective on shares of BlackBerry from$ 2.80 to$ 3.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Six investment analysts have assigned the property a keep rating, three a purchase rating, and one a strong buy rating. Based on data from MarketBeat.com, the company currently has an average rating of” Moderate Buy” and a consensus price target of$ 3.69.
BlackBerry Stock Performance
The company has a debt-to-equity ratio of 0.27, a recent ratio of 1.37 and a rapid amount of 1.37. The company has a two-hundred moment simple moving average of$ 2.87 and a 50 day simple moving average of$ 3.77.
BlackBerry ( NYSE: BB- Find Free Report ) next posted its quarterly revenue results on Thursday, December 19th. The company reported$ 0.02 EPS for the quarter, topping the consensus estimate of ($ 0.01 ) by$ 0.03. The company had revenue of$ 143.00 million for the quarter, compared to the consensus estimate of$ 144.84 million. Blackberry’s net margin was 21.16 %, and its return on equity was 2.02 %, respectively. The firm’s profit was down 5.9 % compared to the same quarter last year. During the same quarter last year, the company posted$ 0.01 EPS. Experts on the sell-side for BlackBerry Limited anticipate posting -0.03 earnings per share for the upcoming fiscal year.
Inside Action at BlackBerry
In other news, inside sold 14, 475 stock of the property in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of$ 3.68, for a total transaction of$ 53, 268.00. Following the transaction, the insider now directly owns 238, 838 shares in the company, valued at approximately$ 878, 923.84. Their possession of the property has decreased by 5.71 % since this transaction. The Securities & Exchange Commission filed a report that can be accessed through , which details the purchase. Moreover, CAO Jay P. Chai sold 24, 425 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of$ 4.19, for a total transaction of$ 102, 340.75. This sale’s reporting can be found below. Over the last quarter, officials sold 244, 221 shares of company property worth$ 925, 655. Company officials own 0.34 % of the company’s inventory.
Administrative Flows and Flows
A number of institutional investors and hedge funds have recently updated their stockholders ‘ jobs. The Manufacturers Life Insurance Company increased its stake in BlackBerry by 2.6 % in the second quarter. The Manufacturers Life Insurance Company then owns 441, 235 stock of the company’s stock worthwhile$ 1, 101, 000 after buying an additional 11, 370 stocks during the last quarter. In the second quarter, Northwestern Mutual Wealth Management Co. increased its stake in BlackBerry by 83.3 %. Northwestern Mutual Wealth Management Co. now owns 11, 769 stock of the company’s share valued at$ 29, 000 after acquiring an additional 5, 349 shares in the last quarter. In the second quarter, Creative Planning increased its stakes in BlackBerry by 40.8 %. Creative Planning now owns 36, 551 stock of the company’s stock fair$ 96, 000 after purchasing an additional 10, 585 stocks during the last quarter. During the second quarter, Signaturefd LLC increased its place in BlackBerry by 65.5 %. Signaturefd LLC now owns 22, 898 stock of the company’s stock worthwhile$ 60, 000 after purchasing an additional 9, 063 shares in the last quarter. In the third quarter, International Assets Investment Management LLC increased its BlackBerry stock by 60.7 % to close the gap. International Assets Investment Management LLC now owns 20, 769 stock of the company’s stock valued at$ 540, 000 after purchasing an additional 7, 842 stock during the last quarter. Hedge funds and other administrative investors are now the owners of 54.4 % of the property.
On BlackBerry
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Enterprises and governments around the world can now rely on BlackBerry Limited to provide brilliant surveillance software and services. The firm operates through three parts: Cybersecurity, IoT, and Licensing and Another. 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.
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