International Assets Investment Management LLC Acquires 7,842 Shares of BlackBerry Limited (NYSE:BB)

International Assets Investment Management LLC grew its holdings in BlackBerry Limited (NYSE:BB) by 60.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,769 shares of the company’s stock after purchasing an additional 7,842 shares during the period. International Assets Investment Management LLC’s holdings in BlackBerry were worth $540,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BB. EP Wealth Advisors LLC bought a new stake in shares of BlackBerry in the second quarter worth $28,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of BlackBerry by 83.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,769 shares of the company’s stock valued at $29,000 after acquiring an additional 5,349 shares in the last quarter. Werba Rubin Papier Wealth Management purchased a new position in shares of BlackBerry in the second quarter valued at about $43,000. Viewpoint Capital Management LLC purchased a new stake in shares of BlackBerry in the second quarter worth about $50,000. Finally, Signaturefd LLC lifted its position in shares of BlackBerry by 65.5% in the third quarter. Signaturefd LLC now owns 22,898 shares of the company’s stock worth $60,000 after buying an additional 9,063 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Canaccord Genuity Group boosted their target price on BlackBerry from $2.70 to $2.80 and gave the stock a “hold” rating in a research report on Friday, October 18th. CIBC upped their target price on BlackBerry from $3.50 to $3.60 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $3.00 target price on shares of BlackBerry in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.23.

BlackBerry Stock Up 1.6 %

Shares of NYSE:BB opened at $2.29 on Wednesday. The business’s 50 day moving average is $2.41 and its 200 day moving average is $2.52. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.35 billion, a P/E ratio of -9.14 and a beta of 1.42. BlackBerry Limited has a 52-week low of $2.01 and a 52-week high of $4.44.

BlackBerry (NYSE:BB) last posted its earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $145.00 million during the quarter, compared to analyst estimates of $138.82 million. BlackBerry had a negative return on equity of 3.38% and a negative net margin of 21.66%. BlackBerry’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.06) earnings per share. Sell-side analysts predict that BlackBerry Limited will post -0.06 EPS for the current year.

Insider Activity

In other news, insider Philip S. Kurtz sold 15,005 shares of the stock in a transaction on Saturday, September 28th. The stock was sold at an average price of $2.53, for a total transaction of $37,962.65. Following the completion of the sale, the insider now owns 30,129 shares in the company, valued at approximately $76,226.37. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company’s stock.

BlackBerry Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. 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.