MicroStrategy (NASDAQ:MSTR) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other research firms have also recently weighed in on MSTR. Mizuho cut their price target on MicroStrategy from $220.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Deutsche Bank cut their price target on MicroStrategy to $150.00 and set a “hold” rating on the stock in a research note on Friday, September 15th. Zacks Investment Research upgraded MicroStrategy from a “strong sell” rating to a “hold” rating in a research note on Friday, September 29th. Finally, Citigroup restated a “hold” rating and issued a $133.00 price target (down from $191.00) on shares of MicroStrategy in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. MicroStrategy currently has an average rating of “Hold” and an average target price of $155.75.

MicroStrategy (NASDAQ MSTR) traded up $2.26 during trading hours on Thursday, reaching $136.25. The company had a trading volume of 98,853 shares, compared to its average volume of 76,308. The stock has a market capitalization of $1,533.78, a price-to-earnings ratio of 20.65 and a beta of 0.65. MicroStrategy has a 52-week low of $122.90 and a 52-week high of $207.28.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, October 26th. The software maker reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.56. MicroStrategy had a return on equity of 12.90% and a net margin of 14.81%. The firm had revenue of $125.20 million during the quarter, compared to analyst estimates of $125.78 million. During the same period last year, the business posted $2.90 earnings per share. MicroStrategy’s revenue was down 3.6% compared to the same quarter last year. equities research analysts expect that MicroStrategy will post 4.54 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Flinton Capital Management LLC increased its position in shares of MicroStrategy by 83.3% during the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock worth $101,000 after purchasing an additional 240 shares in the last quarter. ETF Managers Group LLC acquired a new stake in shares of MicroStrategy during the second quarter worth about $127,000. Riverhead Capital Management LLC increased its position in shares of MicroStrategy by 108.3% during the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock worth $160,000 after purchasing an additional 433 shares in the last quarter. Zacks Investment Management acquired a new stake in shares of MicroStrategy during the second quarter worth about $222,000. Finally, SG Americas Securities LLC increased its position in shares of MicroStrategy by 92.0% during the second quarter. SG Americas Securities LLC now owns 1,223 shares of the software maker’s stock worth $234,000 after purchasing an additional 586 shares in the last quarter. Institutional investors own 74.31% of the company’s stock.

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About MicroStrategy

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.

Analyst Recommendations for MicroStrategy (NASDAQ:MSTR)

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