MicroStrategy Reaches New 12-Month High at $155.86 (MSTR)
MicroStrategy (NASDAQ:MSTR)’s share price reached a new 52-week high during mid-day trading on Tuesday , Analyst Ratings.Net reports. The stock traded as high as $155.86 and last traded at $153.40, with a volume of 302,145 shares traded. The stock had previously closed at $137.53.
A number of research firms have recently commented on MSTR. Analysts at JMP Securities upgraded shares of MicroStrategy from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $170.00 price target on the stock. Separately, analysts at Zacks upgraded shares of MicroStrategy from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 2nd. They now have a $143.40 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of MicroStrategy from $150.00 to $175.00 in a research note on Monday, May 19th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $145.57.
The stock’s 50-day moving average is $140.9 and its 200-day moving average is $128.3. The company has a market cap of $1.699 billion and a price-to-earnings ratio of 61.53.
MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Monday, July 28th. The company reported ($0.91) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.79. The company had revenue of $141.90 million for the quarter, compared to the consensus estimate of $145.20 million. During the same quarter last year, the company posted ($0.14) earnings per share. MicroStrategy’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that MicroStrategy will post $0.92 EPS for the current fiscal year.
MicroStrategy Incorporated (NASDAQ:MSTR) is a worldwide provider of enterprise software platforms for business intelligence, mobile intelligence and social intelligence applications (apps).
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