BidaskClub Upgrades MicroStrategy (NASDAQ:MSTR) to “Hold”

BidaskClub upgraded shares of MicroStrategy (NASDAQ:MSTR) from a sell rating to a hold rating in a research note published on Saturday, BidAskClub reports.

MSTR has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of MicroStrategy from a hold rating to a strong sell rating in a research report on Friday, July 12th. ValuEngine raised shares of MicroStrategy from a hold rating to a buy rating in a research note on Thursday, August 1st.

Shares of MicroStrategy stock opened at $138.73 on Friday. The stock has a market cap of $1.45 billion, a P/E ratio of 81.61 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.90 and a current ratio of 2.90. MicroStrategy has a one year low of $115.50 and a one year high of $152.38. The stock’s fifty day moving average price is $131.69.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, July 30th. The software maker reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.19). The firm had revenue of $117.74 million for the quarter, compared to analysts’ expectations of $120.63 million. MicroStrategy had a return on equity of 0.67% and a net margin of 5.85%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, equities analysts anticipate that MicroStrategy will post 0.53 EPS for the current year.

In related news, Director Leslie J. Rechan purchased 1,900 shares of the stock in a transaction dated Thursday, August 1st. The shares were acquired at an average cost of $136.98 per share, with a total value of $260,262.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 26.88% of the company’s stock.

Large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of MicroStrategy by 48.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 253 shares of the software maker’s stock worth $32,000 after purchasing an additional 82 shares during the period. Pearl River Capital LLC acquired a new position in shares of MicroStrategy during the 1st quarter worth $58,000. US Bancorp DE grew its stake in shares of MicroStrategy by 290.8% during the 2nd quarter. US Bancorp DE now owns 426 shares of the software maker’s stock worth $61,000 after purchasing an additional 317 shares during the period. Bank of Montreal Can grew its stake in shares of MicroStrategy by 289.5% during the 2nd quarter. Bank of Montreal Can now owns 927 shares of the software maker’s stock worth $132,000 after purchasing an additional 689 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in shares of MicroStrategy during the 1st quarter worth $201,000. 78.34% of the stock is currently owned by institutional investors and hedge funds.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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