MicroStrategy (MSTR) Rating Lowered to Strong Sell at BidaskClub

MicroStrategy (NASDAQ:MSTR) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

MSTR has been the subject of a number of other research reports. Mizuho reissued a “buy” rating and issued a $200.00 price target on shares of MicroStrategy in a report on Wednesday, January 17th. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a report on Friday, September 29th. Two equities research 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 an average target price of $155.75.

Shares of MicroStrategy (NASDAQ MSTR) traded up $0.46 during trading on Friday, hitting $137.79. 214,468 shares of the company were exchanged, compared to its average volume of 58,778. The firm has a market capitalization of $1,572.02, a price-to-earnings ratio of 91.25 and a beta of 0.66. MicroStrategy has a fifty-two week low of $122.90 and a fifty-two week high of $202.88.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, January 25th. The software maker reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.17. The business had revenue of $138.10 million during the quarter, compared to analyst estimates of $132.91 million. MicroStrategy had a net margin of 3.50% and a return on equity of 10.43%. MicroStrategy’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 earnings per share. research analysts forecast that MicroStrategy will post 2.14 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. Alyeska Investment Group L.P. acquired a new stake in MicroStrategy during the 3rd quarter worth $32,366,000. Janus Henderson Group PLC acquired a new stake in MicroStrategy during the 2nd quarter worth $20,738,000. Renaissance Technologies LLC grew its holdings in MicroStrategy by 52.2% during the 2nd quarter. Renaissance Technologies LLC now owns 161,800 shares of the software maker’s stock worth $31,012,000 after acquiring an additional 55,500 shares during the period. Ameriprise Financial Inc. grew its holdings in MicroStrategy by 41.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 115,267 shares of the software maker’s stock worth $14,719,000 after acquiring an additional 33,999 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in MicroStrategy by 16.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 232,627 shares of the software maker’s stock worth $29,709,000 after acquiring an additional 32,375 shares during the period. 73.75% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for MicroStrategy (NASDAQ:MSTR)

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