BlackBerry restrained (NYSE:BB) Receives standard rating of “cling” from Analysts

Shares of BlackBerry restricted (NYSE:BB – Get rating) have earned an ordinary ranking of "dangle" from the eight rankings organizations which are at this time protecting the inventory, MarketBeat scores studies. four equities research analysts have rated the stock with a sell advice, three have issued a hang suggestion and one has given a purchase recommendation to the company. The typical 1-12 months cost purpose among brokerages that have coated the stock within the closing yr is $eight.29.

several research analysts have commented on the stock. Zacks funding research reaffirmed a "dangle" score on shares of BlackBerry in a analysis observe on Thursday, March 3rd. TD Securities reduced their target expense on shares of BlackBerry from $8.50 to $7.00 and set a "in the reduction of" rating for the business in a analysis notice on Tuesday, February 1st. Canaccord Genuity group diminished their target rate on shares of BlackBerry from $10.00 to $7.00 and set a "buy" ranking for the company in a research observe on Tuesday, February 22nd. Scotiabank reduced their goal fee on shares of BlackBerry from $7.50 to $6.50 and set an "underperform" ranking for the company in a research observe on Tuesday, February 1st. finally, Royal financial institution of Canada diminished their target price on shares of BlackBerry from $7.50 to $7.00 and set an "underperform" ranking for the business in a analysis observe on Tuesday, February 1st.

BB inventory opened at $6.51 on Friday. The business has a debt-to-fairness ratio of 0.48, a quick ratio of two.27 and a latest ratio of 2.27. The enterprise has a fifty day moving common price of $7.71 and a 200 day relocating normal rate of $9.29. The company has a market cap of $three.seventy four billion, a PE ratio of -6.seventy one and a beta of 1.36. BlackBerry has a fifty-two week low of $5.eighty and a fifty-two week excessive of $20.17.

In connected information, CMO Mark George Wilson sold 3,687 shares of the company’s stock in a transaction on Tuesday, December 21st. The shares were sold at a normal fee of $8.seventy eight, for a complete transaction of $32,371.86. The transaction become disclosed in a submitting with the Securities & alternate commission, which is purchasable via this hyperlink. additionally, CFO Steve Rai sold 6,625 shares of the enterprise's stock in a transaction on Tuesday, December twenty first. The shares have been offered at a regular fee of $eight.72, for a total transaction of $fifty seven,770.00. The disclosure for this sale will also be found here. Insiders have bought 19,111 shares of company stock valued at $167,397 over the last quarter. Insiders own 1.60% of the company's inventory.

a couple of institutional investors and hedge money have recently added to or decreased their stakes within the company. Norges bank purchased a new position in BlackBerry in the fourth quarter valued at $30,547,000. BlackRock Inc. expanded its holdings in BlackBerry by using 5.7% in the fourth quarter. BlackRock Inc. now owns 1,762,165 shares of the business's stock valued at $16,476,000 after purchasing an additional 94,887 shares in the final quarter. Vident funding Advisory LLC extended its holdings in BlackBerry with the aid of 9.7% within the fourth quarter. Vident investment Advisory LLC now owns a hundred and one,484 shares of the business's inventory valued at $950,000 after purchasing an additional 8,953 shares within the ultimate quarter. Wells Fargo & enterprise MN expanded its stake in shares of BlackBerry by means of 10.0% all over the fourth quarter. Wells Fargo & company MN now owns 143,493 shares of the business's stock value $1,342,000 after purchasing an further 13,one hundred and one shares in the last quarter. finally, Deutsche bank AG accelerated its stake in shares of BlackBerry by means of 1.four% all the way through the fourth quarter. Deutsche financial institution AG now owns 1,182,716 shares of the business's stock value $eleven,059,000 after paying for an extra 16,882 shares in the final quarter. 36.14% of the stock is owned by means of institutional traders.

About BlackBerry (Get rating)

BlackBerry Ltd. engages in providing the clever safety application and features to agencies and governments. The firm leverages synthetic intelligence and desktop getting to know to convey solutions in the areas of cyber security, defense, information privacy options, and also focuses in the areas of endpoint protection, endpoint management, encryption, and embedded techniques.

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