Citigroup Inc. restated their hold rating on shares of MicroStrategy Incorporated (NASDAQ:MSTR) in a report issued on Thursday morning. They currently have a $133.00 price target on the software maker’s stock, down from their prior price target of $191.00.
MSTR has been the topic of several other research reports. BidaskClub raised MicroStrategy from a sell rating to a hold rating in a report on Friday, June 23rd. Zacks Investment Research cut MicroStrategy from a hold rating to a strong sell rating in a report on Thursday, August 3rd. Deutsche Bank AG decreased their price objective on MicroStrategy to $150.00 and set a hold rating on the stock in a report on Friday, September 15th. TheStreet cut MicroStrategy from a b rating to a c+ rating in a report on Friday, July 28th. Finally, First Analysis cut MicroStrategy from an overweight rating to an equal weight rating and decreased their price objective for the company from $225.00 to $140.00 in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. MicroStrategy currently has a consensus rating of Hold and a consensus price target of $173.40.
Shares of MicroStrategy (NASDAQ:MSTR) opened at 124.76 on Thursday. MicroStrategy has a 12-month low of $123.15 and a 12-month high of $207.28. The stock’s 50 day moving average price is $128.79 and its 200 day moving average price is $171.16. The company has a market capitalization of $1.43 billion, a PE ratio of 15.81 and a beta of 0.86.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.64). MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The business had revenue of $120.61 million during the quarter, compared to analysts’ expectations of $125.18 million. During the same period in the previous year, the business earned $1.64 EPS. The business’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts forecast that MicroStrategy will post $4.33 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of MicroStrategy during the 2nd quarter valued at about $390,000. State Street Corp raised its holdings in shares of MicroStrategy by 4.1% during the 2nd quarter. State Street Corp now owns 237,831 shares of the software maker’s stock valued at $45,585,000 after buying an additional 9,325 shares in the last quarter. Maverick Capital Ltd. raised its holdings in shares of MicroStrategy by 54.3% during the 2nd quarter. Maverick Capital Ltd. now owns 17,540 shares of the software maker’s stock valued at $3,362,000 after buying an additional 6,170 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of MicroStrategy during the 2nd quarter valued at about $127,000. Finally, Janus Henderson Group PLC purchased a new position in shares of MicroStrategy during the 2nd quarter valued at about $20,738,000. 76.28% of the stock is currently owned by institutional investors.
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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