MicroStrategy (NASDAQ:MSTR) Downgraded by BidaskClub

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MicroStrategy (NASDAQ:MSTR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, BidAskClub reports.

Several other brokerages have also issued reports on MSTR. ValuEngine lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, July 8th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

Shares of MicroStrategy stock opened at $123.02 on Friday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 157.72 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a fifty day simple moving average of $136.81. MicroStrategy has a 52-week low of $115.50 and a 52-week high of $152.38.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.98). The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $123.46 million. MicroStrategy had a net margin of 2.64% and a return on equity of 1.73%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. As a group, sell-side analysts forecast that MicroStrategy will post 0.84 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in shares of MicroStrategy by 40.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 658 shares of the software maker’s stock worth $84,000 after buying an additional 190 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of MicroStrategy by 6.5% in the 4th quarter. California Public Employees Retirement System now owns 23,690 shares of the software maker’s stock worth $3,026,000 after purchasing an additional 1,448 shares during the last quarter. BlackRock Inc. grew its stake in shares of MicroStrategy by 1.6% in the 4th quarter. BlackRock Inc. now owns 1,619,440 shares of the software maker’s stock worth $206,884,000 after purchasing an additional 25,070 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of MicroStrategy by 4.0% in the 4th quarter. Texas Permanent School Fund now owns 6,172 shares of the software maker’s stock worth $788,000 after purchasing an additional 237 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of MicroStrategy in the 4th quarter worth approximately $448,000. 74.09% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Company Profile

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.

Further Reading: What is Cost of Debt?

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