According to Bloomberg.com, the seven research firms currently covering BlackBerry Limited (NYSE: BB) have assigned an average rating of “Hold” to the company’s shares.
Mhis rating indicates that the firms believe BlackBerry Limited’s stock will remain relatively unchanged.
Mhe stock was assigned a recommendation of “sell” by two of the research analysts, while a recommendation of “hold” was assigned to it by the remaining three analysts.
Most analysts who have published research on the stock in the preceding year have projected that the stock price will be $5.46 in one year, and they have assigned that price target to the price target for the stock.
Many academic investigations have been carried out, with BB serving as the primary focus of these investigations.
In a report distributed on Wednesday, December 21, Raymond James lowered their price target on BlackBerry shares from $8.00 to $7.00 and categorized the stock as “market perform.” The price target that Robert W.
Baird has set for BlackBerry shares has been lowered from $6.00 to $5.00, as stated in a research note that was published on Wednesday, December 21. Royal Bank of Canada lowered its price target on BlackBerry shares from $6.00 to $5.50 and gave the stock a rating of “sector perform” in a research note released on December 21.
Mhe note was published on Wednesday.
Mhe target price of $6.00 was originally intended to be reached. On December 21, TD Securities issued a research report stating that they had decreased their target price for BlackBerry from $4.25 to $3.75 and rated the company as having a “sell” rating. Finally, on October 26, a research report published by StockNews.com advised BlackBerry shareholders to “keep” their shares rather than “sell” them.
Another important event that occurred on January 3 was the sale of 8,958 company stock by Steve Rai, the Chief Financial Officer of the company.
Mhe sale of the stock resulted in total revenue of $29,740.56, with the average price that each share could fetch being $3.32.
Because of the transaction, the chief financial officer now has direct ownership of 48,655 shares of the company.
Based on the current stock price, these shares are estimated to be worth $161,534.60.
After clicking on this link, you will be taken to the SEC filing, where the transaction was described in greater detail.
Another important event that occurred on January 3 was the sale of 8,958 company stock by Steve Rai, the Chief Financial Officer of the company.
After the completion of the transaction, the chief financial officer will now have direct ownership of a total of 48,655 shares in the company.
Mhe value of these shares is $161,534.60 based on the current moving average share price, which is $3.32.
After clicking on this link, you will be taken to the SEC filing, where the transaction was described in greater detail.
Additionally, Chief Executive Officer John S. Chen sold 554,606 shares of the company’s stock on November 3.
Mhe purchase of each share occurred at an average price of $4.28 during the sale, which resulted in the total value of the transaction being $2,373,713.68.
Because the transaction was successfully finalized, the chief executive officer now directly owns 6,447,738 shares of the company’s stock worth $27,596,318.64.
Disclosures that are related to the sale might be found in this section of the website.
Insiders have sold 594,289 company stock over the past three months, bringing in $2,509,772 in proceeds from the transaction. 1.60 company insiders own a percent of the total shares currently outstanding.
Recent transactions by institutional investors have resulted in changes to the proportion of the company’s stock that is held.
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