MicroStrategy Inc. (MSTR) Given New $220.00 Price Target at Mizuho
MicroStrategy Inc. (NASDAQ:MSTR) had its price target upped by investment analysts at Mizuho from $190.00 to $220.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Mizuho’s price target would indicate a potential upside of 13.93% from the stock’s previous close.
A number of other analysts also recently weighed in on the company. JMP Securities downgraded MicroStrategy from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. Zacks Investment Research downgraded MicroStrategy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 3rd. Finally, Citigroup Inc. decreased their price target on MicroStrategy from $228.00 to $209.00 and set a “buy” rating on the stock in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $215.60.
MicroStrategy (NASDAQ:MSTR) opened at 193.10 on Wednesday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 22.50 and a beta of 1.22. The stock’s 50 day moving average price is $178.72 and its 200 day moving average price is $177.48. MicroStrategy has a 52 week low of $141.01 and a 52 week high of $199.01.
MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, October 27th. The company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.64. The firm had revenue of $129.90 million for the quarter, compared to the consensus estimate of $126.77 million. MicroStrategy had a return on equity of 20.47% and a net margin of 19.18%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. On average, equities analysts expect that MicroStrategy will post $7.69 EPS for the current year.
A number of institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. boosted its position in MicroStrategy by 22.9% in the second quarter. Meeder Asset Management Inc. now owns 1,559 shares of the company’s stock worth $272,000 after buying an additional 291 shares during the period. Acadian Asset Management LLC boosted its position in MicroStrategy by 31.6% in the second quarter. Acadian Asset Management LLC now owns 339,624 shares of the company’s stock worth $59,438,000 after buying an additional 81,504 shares during the period. Capstone Asset Management Co. boosted its position in MicroStrategy by 6.6% in the second quarter. Capstone Asset Management Co. now owns 3,041 shares of the company’s stock worth $532,000 after buying an additional 189 shares during the period. Fisher Asset Management LLC boosted its position in MicroStrategy by 70.4% in the second quarter. Fisher Asset Management LLC now owns 46,000 shares of the company’s stock worth $8,305,000 after buying an additional 19,000 shares during the period. Finally, Nepsis Capital Management Inc. bought a new position in MicroStrategy during the second quarter worth $2,796,000. 86.19% of the stock is owned by hedge funds and other institutional investors.
MicroStrategy Incorporated (MicroStrategy) is a provider of enterprise software platforms. The Company is engaged in providing enterprise analytics, mobile and security platforms. The Company’s MicroStrategy 10 consolidates analytics, mobility and security in a single integrated platform, available both as on-premises software and as a hosted service offering in MicroStrategy Secure Cloud.
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