MicroStrategy Incorporated (MSTR) PT Lowered to $150.00
MicroStrategy Incorporated (NASDAQ:MSTR) had its target price cut by research analysts at Deutsche Bank AG to $150.00 in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the software maker’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 18.29% from the stock’s previous close.
MSTR has been the topic of a number of other reports. Zacks Investment Research cut MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. BidaskClub upgraded MicroStrategy from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. TheStreet cut MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Finally, First Analysis cut MicroStrategy from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $225.00 to $140.00 in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $183.50.
MicroStrategy (MSTR) traded down 2.53% on Friday, hitting $126.81. The stock had a trading volume of 150,756 shares. MicroStrategy has a 12-month low of $123.36 and a 12-month high of $207.28. The company’s 50 day moving average price is $129.44 and its 200-day moving average price is $172.39. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 17.52 and a beta of 0.86.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.64). The company had revenue of $120.61 million for the quarter, compared to analyst estimates of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Equities research analysts anticipate that MicroStrategy will post $4.42 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Flinton Capital Management LLC increased its position in MicroStrategy by 83.3% in the 2nd quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock valued at $101,000 after acquiring an additional 240 shares during the period. SG Americas Securities LLC acquired a new stake in MicroStrategy in the 1st quarter valued at approximately $120,000. ETF Managers Group LLC acquired a new stake in MicroStrategy in the 2nd quarter valued at approximately $127,000. Ameritas Investment Partners Inc. acquired a new stake in MicroStrategy in the 1st quarter valued at approximately $154,000. Finally, Riverhead Capital Management LLC increased its position in MicroStrategy by 108.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock valued at $160,000 after acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.
MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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