Shares of BlackBerry (NASDAQ:BBRY) was the recipient of some unusual options trading activity on Monday. Stock traders bought 142,655 call options on the stock, AnalystRatingsNetwork.com reports. This is an increase of approximately 185% compared to the average daily volume of 50,072 call options.
BBRY has been the subject of a number of recent research reports. Analysts at Citigroup Inc. cut their price target on shares of BlackBerry (NASDAQ:BBRY) to $7.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at Paradigm Capital downgraded shares of BlackBerry (NASDAQ:BBRY) from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $10.50 price target on the stock, down previously from $15.00. Finally, analysts at Raymond James reiterated a “market perform” rating on shares of BlackBerry (NASDAQ:BBRY) in a research note to investors on Monday.
Nineteen research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BlackBerry presently has a consensus rating of “Hold” and a consensus price target of $9.33.
BlackBerry (NASDAQ:BBRY) traded up 1.09% on Monday, hitting $8.82. 110,593,136 shares of the company’s stock traded hands. BlackBerry has a 1-year low of $6.22 and a 1-year high of $18.32. The stock’s 50-day moving average is $10.29 and its 200-day moving average is $12.58. The company’s market cap is $4.546 billion.
BlackBerry (NASDAQ:BBRY) last released its earnings data on Friday, June 28th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.17. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $2.81 billion. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, analysts predict that BlackBerry will post $-0.68 earnings per share for the current fiscal year.
Research In Motion Limited is a designer, manufacturer, and marketer of wireless solutions for the worldwide mobile communications market.