Brokerages Set MicroStrategy Inc. (MSTR) Target Price at $213.50
Shares of MicroStrategy Inc. (NASDAQ:MSTR) have received a consensus rating of “Buy” from the seven brokerages that are currently covering the firm. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $213.50.
A number of research analysts recently issued reports on the stock. Mizuho lifted their price target on shares of MicroStrategy from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, November 16th. Zacks Investment Research cut shares of MicroStrategy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 15th.
Shares of MicroStrategy (NASDAQ:MSTR) opened at 197.85 on Tuesday. The stock has a market capitalization of $2.26 billion, a PE ratio of 23.05 and a beta of 1.22. The company’s 50 day moving average is $184.73 and its 200-day moving average is $178.26. MicroStrategy has a 52 week low of $141.01 and a 52 week high of $199.70.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, October 27th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.64. MicroStrategy had a net margin of 19.18% and a return on equity of 20.47%. The company earned $129.90 million during the quarter, compared to analysts’ expectations of $126.77 million. During the same period last year, the company posted $2.06 EPS. MicroStrategy’s revenue was up .3% on a year-over-year basis. On average, equities analysts predict that MicroStrategy will post $7.69 earnings per share for the current year.
In other news, Director Jarrod M. Patten sold 3,317 shares of MicroStrategy stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $197.20, for a total value of $654,112.40. Following the completion of the sale, the director now directly owns 3,317 shares in the company, valued at $654,112.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 20.19% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in MSTR. First Eagle Investment Management LLC raised its stake in shares of MicroStrategy by 56.3% in the second quarter. First Eagle Investment Management LLC now owns 376,455 shares of the company’s stock worth $65,887,000 after buying an additional 135,655 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in shares of MicroStrategy by 168.6% in the second quarter. Whale Rock Capital Management LLC now owns 189,930 shares of the company’s stock worth $33,242,000 after buying an additional 119,227 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of MicroStrategy by 88.2% in the second quarter. Bank of New York Mellon Corp now owns 253,821 shares of the company’s stock worth $44,423,000 after buying an additional 118,972 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of MicroStrategy during the third quarter worth approximately $18,338,000. Finally, Acadian Asset Management LLC raised its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 85.97% 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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