MicroStrategy (MSTR) Lowered to Strong Sell at BidaskClub

BidaskClub lowered shares of MicroStrategy (NASDAQ:MSTR) from a sell rating to a strong sell rating in a report released on Saturday.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered MicroStrategy from a hold rating to a sell rating in a research report on Wednesday, January 17th. Mizuho restated a buy rating and set a $200.00 price target on shares of MicroStrategy in a research report on Wednesday, January 17th. Finally, ValuEngine lowered MicroStrategy from a hold rating to a sell rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $153.40.

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Shares of NASDAQ MSTR opened at $125.87 on Friday. The stock has a market cap of $1,443.23, a P/E ratio of 23.57 and a beta of 0.68. MicroStrategy has a 1-year low of $122.16 and a 1-year high of $196.35.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, January 25th. The software maker reported $1.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.17. The company had revenue of $138.10 million for the quarter, compared to analysts’ expectations of $132.91 million. MicroStrategy had a return on equity of 10.43% and a net margin of 3.50%. MicroStrategy’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $2.69 EPS. research analysts anticipate that MicroStrategy will post 2.18 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. grew its position in MicroStrategy by 5.8% during the 3rd quarter. American International Group Inc. now owns 7,513 shares of the software maker’s stock worth $959,000 after acquiring an additional 410 shares during the last quarter. Rhumbline Advisers grew its position in MicroStrategy by 2.2% during the 3rd quarter. Rhumbline Advisers now owns 20,675 shares of the software maker’s stock worth $2,640,000 after acquiring an additional 444 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in MicroStrategy by 2.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 41,521 shares of the software maker’s stock worth $5,303,000 after acquiring an additional 1,110 shares during the last quarter. SG Americas Securities LLC grew its position in MicroStrategy by 93.5% during the 3rd quarter. SG Americas Securities LLC now owns 2,367 shares of the software maker’s stock worth $302,000 after acquiring an additional 1,144 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in MicroStrategy by 6.8% during the 3rd quarter. Nationwide Fund Advisors now owns 18,528 shares of the software maker’s stock worth $2,366,000 after acquiring an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 74.82% 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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