MicroStrategy Inc. (MSTR) Stock Rating Lowered by Zacks Investment Research
MicroStrategy Inc. (NASDAQ:MSTR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “MicroStrategy Incorporated, a leading worldwide provider of business intelligence software, today announced that GT Nexus has selected MicroStrategy to power the customer-facing analytics and reporting capabilities on its Global Logistics portal. The GT Nexus portal is an on demand technology platform that is used by importers, exporters, transportation carriers, suppliers, banks, and other partners to manage goods that are moving around the world. The GT Nexus system captures and stores hard-to-get data associated with global supply chains, and then fuels a range of Web applications that can be used by constituents to lower supply chain costs and improve control. MicroStrategy will help GT Nexus to deliver a wide range of analytics and reporting capabilities to its customers, which include Home Depot, Kmart, Xerox, Weyerhaeuser, and American Eagle Outfitters. “
Several other equities analysts also recently commented on the company. Citigroup Inc. lowered their price objective on MicroStrategy from $228.00 to $209.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. JMP Securities downgraded MicroStrategy from an “outperform” rating to a “market perform” rating in a research report on Friday, July 29th. Finally, Mizuho lowered their price objective on MicroStrategy from $200.00 to $190.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. MicroStrategy currently has an average rating of “Buy” and a consensus target price of $215.60.
MicroStrategy (NASDAQ:MSTR) opened at 196.48 on Tuesday. MicroStrategy has a 52-week low of $141.01 and a 52-week high of $199.01. The company’s 50-day moving average price is $179.48 and its 200 day moving average price is $177.61. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 22.89 and a beta of 1.22.
MicroStrategy (NASDAQ:MSTR) last released its earnings results on Thursday, October 27th. The company reported $2.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.64. The company 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%. MicroStrategy’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 earnings per share. On average, equities analysts expect that MicroStrategy will post $7.69 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of MSTR. Verition Fund Management LLC purchased a new stake in MicroStrategy during the third quarter worth approximately $201,000. Panagora Asset Management Inc. increased its stake in MicroStrategy by 615.8% in the third quarter. Panagora Asset Management Inc. now owns 4,703 shares of the company’s stock worth $787,000 after buying an additional 4,046 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in MicroStrategy during the third quarter worth approximately $1,075,000. Perkins Investment Management LLC increased its stake in MicroStrategy by 119.9% in the third quarter. Perkins Investment Management LLC now owns 93,668 shares of the company’s stock worth $15,684,000 after buying an additional 51,074 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in MicroStrategy by 5.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 88,446 shares of the company’s stock worth $14,809,000 after buying an additional 4,520 shares in the last quarter. Institutional investors own 86.19% of the company’s stock.
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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