BlackBerry (NYSE:BB) fee goal Raised to $8.50 at TD ...

BlackBerry (NYSE:BB) had its fee target hoisted by means of TD Securities from $5.50 to $8.50 in a analysis note issued to investors on Friday, The Fly reviews. The brokerage currently has a cling ranking on the inventory.

a few different analysis enterprises have additionally commented on BB. Raymond James set a $7.50 expense aim on BlackBerry and gave the business a market operate score in a analysis word on Monday, December 14th. Royal bank of Canada elevated their rate purpose on BlackBerry from $5.00 to $7.50 and gave the company a sector function rating in a research notice on Tuesday, December 15th. They mentioned that the circulate turned into a valuation name. ultimately, Zacks investment research reduced BlackBerry from a buy score to a dangle ranking and set a $6.00 cost aim on the stock. in a research notice on Tuesday, November 24th. Thirteen equities research analysts have rated the stock with a hang score, The stock at the moment has a consensus ranking of hold and a standard goal rate of $6.36.

BlackBerry stock opened at $6.ninety five on Friday. The firm has a market capitalization of $three.91 billion, a value-to-profits ratio of -5.27 and a beta of 1.fifty nine. BlackBerry has a fifty-two week low of $2.70 and a fifty-two week high of $9.sixty nine. The stock's fifty day moving normal is $6.22 and its two-hundred day relocating ordinary is $5.23.

BlackBerry (NYSE:BB) ultimate posted its salary outcomes on Wednesday, December 16th. The enterprise said $0.02 profits per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.01) by using $0.03. The enterprise had revenue of $224.00 million for the quarter, compared to analyst estimates of $224.seventy two million. BlackBerry had a favorable return on fairness of 3.91% and a bad web margin of 72.19%. BlackBerry's revenue became down 20.0% in comparison to the equal quarter last year. all the way through the identical quarter in the prior yr, the company earned $0.03 earnings per share. On common, equities analysis analysts count on that BlackBerry will submit -0.02 revenue per share for the current fiscal 12 months.

In different news, insider Randall cook dinner sold 9,320 shares of the enterprise's inventory in a transaction dated Thursday, October 1st. The inventory became offered at a typical expense of $4.forty two, for a complete value of $forty one,194.forty. The transaction changed into disclosed in a filing with the SEC, which is purchasable in the course of the SEC web site. also, CEO John S. Chen sold 558,003 shares of the firm's stock in a transaction dated Tuesday, November third. The inventory was offered at an average fee of $four.sixty seven, for a complete price of $2,605,874.01. Following the completion of the transaction, the executive govt officer now owns 5,783,191 shares within the company, valued at $27,007,501.ninety seven. The disclosure for this sale can also be discovered here. Over the final three months, insiders offered 827,273 shares of enterprise stock value $3,853,961. 1.fifty six% of the inventory is owned by way of corporate insiders.

a few institutional investors have these days introduced to or decreased their stakes in BB. Wells Fargo & company MN raised its holdings in shares of BlackBerry by using fifty five.1% within the 3rd quarter. Wells Fargo & enterprise MN now owns 7,185,252 shares of the enterprise's stock worth $32,981,000 after purchasing an extra 2,552,086 shares right through the length. Tobam raised its holdings in shares of BlackBerry by way of 1,004.8% right through the 2nd quarter. Tobam now owns 1,512,901 shares of the business's inventory valued at $7,353,000 after buying an further 1,375,960 shares right through the length. Acadian Asset management LLC bought a brand new stake in shares of BlackBerry during the third quarter valued at about $4,464,000. BRITISH COLUMBIA investment management Corp raised its holdings in shares of BlackBerry by way of 422.7% all the way through the 2nd quarter. BRITISH COLUMBIA funding management Corp now owns 881,687 shares of the enterprise's inventory valued at $four,300,000 after buying an extra 713,020 shares all through the length. ultimately, Point72 Asset administration L.P. purchased a new stake in shares of BlackBerry throughout the 3rd quarter valued at about $2,383,000. Institutional investors own forty six.47% of the enterprise's stock.

BlackBerry enterprise Profile

BlackBerry restrained gives clever safety software and capabilities to enterprises and governments global. The business leverages artificial intelligence and laptop discovering to carry options in the areas of cybersecurity; safety and statistics privacy; and endpoint security management, encryption, and embedded techniques.

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