Deutsche Bank AG Trims MicroStrategy Incorporated (MSTR) Target Price to $150.00
MicroStrategy Incorporated (NASDAQ:MSTR) had its price objective reduced by Deutsche Bank AG to $150.00 in a report released on Friday morning. They currently have a hold rating on the software maker’s stock.
A number of other brokerages also recently commented on MSTR. Zacks Investment Research downgraded MicroStrategy from a hold rating to a strong sell rating in a research report on Thursday, August 3rd. TheStreet downgraded MicroStrategy from a b rating to a c+ rating in a research report on Friday, July 28th. BidaskClub upgraded MicroStrategy from a sell rating to a hold rating in a research report on Friday, June 23rd. Finally, First Analysis downgraded MicroStrategy from an overweight rating to an equal weight rating and cut their price objective for the company from $225.00 to $140.00 in a research report on Monday, July 31st. Two equities research 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. The company currently has an average rating of Hold and an average target price of $183.50.
Shares of MicroStrategy (NASDAQ:MSTR) opened at 126.81 on Friday. The stock has a market cap of $1.45 billion, a P/E ratio of 17.52 and a beta of 0.86. MicroStrategy has a 12 month low of $123.36 and a 12 month high of $207.28. The stock has a 50 day moving average price of $129.44 and a 200-day moving average price of $172.39.
MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.64). MicroStrategy had a net margin of 16.37% and a return on equity of 14.99%. The company had revenue of $120.61 million for the quarter, compared to analyst estimates of $125.18 million. During the same quarter last year, the company posted $1.64 EPS. MicroStrategy’s revenue was down 2.1% on a year-over-year basis. On average, analysts forecast that MicroStrategy will post $4.42 EPS for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in MSTR. Wells Fargo & Company MN lifted its holdings in shares of MicroStrategy by 3.5% in the first quarter. Wells Fargo & Company MN now owns 43,190 shares of the software maker’s stock valued at $8,111,000 after purchasing an additional 1,478 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of MicroStrategy by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 13,423 shares of the software maker’s stock valued at $2,516,000 after purchasing an additional 828 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of MicroStrategy in the first quarter valued at $617,000. American Century Companies Inc. lifted its holdings in shares of MicroStrategy by 35.1% in the first quarter. American Century Companies Inc. now owns 40,466 shares of the software maker’s stock valued at $7,600,000 after purchasing an additional 10,523 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of MicroStrategy by 2.8% in the first quarter. Bank of New York Mellon Corp now owns 240,654 shares of the software maker’s stock valued at $45,196,000 after purchasing an additional 6,575 shares in the last quarter. Institutional investors own 76.28% of the company’s stock.
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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