MicroStrategy Incorporated (MSTR) Receives Average Rating of “Hold” from Brokerages
MicroStrategy Incorporated (NASDAQ:MSTR) has earned a consensus rating of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $160.75.
A number of research firms have issued reports on MSTR. Zacks Investment Research upgraded shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 1st. Citigroup Inc. reiterated a “hold” rating and issued a $133.00 target price (down from $191.00) on shares of MicroStrategy in a research note on Thursday. Deutsche Bank AG cut shares of MicroStrategy from a “buy” rating to a “hold” rating and reduced their target price for the company from $220.00 to $180.00 in a research note on Friday, July 28th. BidaskClub upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Finally, First Analysis cut shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $225.00 to $140.00 in a research note on Monday, July 31st.
A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. Wells Fargo & Company MN lifted its stake in MicroStrategy by 3.5% in the first quarter. Wells Fargo & Company MN now owns 43,190 shares of the software maker’s stock valued at $8,111,000 after acquiring an additional 1,478 shares during the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of MicroStrategy by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 13,423 shares of the software maker’s stock worth $2,516,000 after buying an additional 828 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of MicroStrategy in the first quarter worth $617,000. Bank of New York Mellon Corp lifted its stake in shares of MicroStrategy by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 240,654 shares of the software maker’s stock worth $45,196,000 after buying an additional 6,575 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of MicroStrategy by 11.9% in the first quarter. BNP Paribas Arbitrage SA now owns 2,043 shares of the software maker’s stock worth $384,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 76.28% of the company’s stock.
MicroStrategy (NASDAQ:MSTR) opened at 124.76 on Friday. The stock has a 50 day moving average of $128.79 and a 200-day moving average of $171.16. MicroStrategy has a 52 week low of $123.36 and a 52 week high of $207.28. The stock has a market cap of $1.43 billion, a P/E ratio of 17.23 and a beta of 0.86.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.64). MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The company had revenue of $120.61 million for the quarter, compared to analysts’ expectations of $125.18 million. During the same period in the previous year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts forecast that MicroStrategy will post $4.33 earnings per share for the current year.
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MicroStrategy Company Profile
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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