Reddit’s 5 Meme Stocks Ranked From Best to Worst According to Hedge Funds

3. BlackBerry Limited (NYSE:BB)

Number of Hedge Fund Holders: 15

BlackBerry Limited (NYSE:BB) was incorporated in 1984 and is headquartered in Waterloo, Canada. The company specializes in intelligent security software and services for enterprises and governments worldwide. BlackBerry Limited (NYSE:BB) anticipates its Q4 revenue to be around $151 million, which is lower than the market consensus of $166.4 million. Additionally, the company expects its full-year revenue to be approximately $656 million, which is also below the Street estimates of $679.28 million.

On March 8, RBC Capital lowered the firm’s price target on BlackBerry Limited (NYSE:BB) to C$4.50 from C$5.50 and kept a Sector Perform rating on the shares.

According to Insider Monkey’s fourth quarter database, 15 hedge funds were bullish on BlackBerry Limited (NYSE:BB), compared to 16 funds in the prior quarter. Fairfax Financial Holdings is a prominent stakeholder of the company, with 46.7 million shares worth $151.85 million. 

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