Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have received a consensus rating of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $155.75.
Several equities analysts recently issued reports on MSTR shares. Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and dropped their target price for the company from $220.00 to $180.00 in a report on Friday, July 28th. First Analysis lowered shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $225.00 to $140.00 in a report on Monday, July 31st. TheStreet lowered shares of MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Thursday, August 3rd. Finally, BidaskClub lowered shares of MicroStrategy from a “hold” rating to a “sell” rating in a report on Saturday, August 5th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC bought a new stake in shares of MicroStrategy during the second quarter worth about $20,738,000. Anchor Capital Advisors LLC bought a new stake in shares of MicroStrategy during the second quarter worth about $14,306,000. Renaissance Technologies LLC increased its position in shares of MicroStrategy by 52.2% during the second 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 in the last quarter. Vanguard Group Inc. increased its position in shares of MicroStrategy by 4.6% during the first quarter. Vanguard Group Inc. now owns 834,165 shares of the software maker’s stock worth $156,657,000 after acquiring an additional 36,576 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of MicroStrategy by 41.8% during the third 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 in the last quarter. Hedge funds and other institutional investors own 71.08% of the company’s stock.
MicroStrategy (MSTR) opened at $133.50 on Monday. The stock has a market cap of $1,528.17, a price-to-earnings ratio of 20.57 and a beta of 0.66. MicroStrategy has a fifty-two week low of $122.90 and a fifty-two 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 consensus estimate of $1.00 by $0.56. The business had revenue of $125.20 million for the quarter, compared to analyst estimates of $125.78 million. MicroStrategy had a net margin of 14.81% and a return on equity of 12.90%. MicroStrategy’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.90 earnings per share. equities research analysts forecast that MicroStrategy will post 4.54 earnings per share for the current fiscal year.
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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