MicroStrategy Incorporated (MSTR) Stock Rating Upgraded by Zacks Investment Research
MicroStrategy Incorporated (NASDAQ:MSTR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Friday.
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. “
Other analysts also recently issued reports about the stock. BidaskClub upgraded shares of MicroStrategy from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. TheStreet downgraded shares of MicroStrategy from a “b” rating to a “c+” rating in a report on Friday, July 28th. First Analysis downgraded shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $225.00 to $140.00 in a report on Monday, July 31st. Deutsche Bank AG downgraded shares of MicroStrategy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $220.00 to $180.00 in a report on Friday, July 28th. Finally, Citigroup Inc. restated a “hold” rating and issued a $133.00 target price (down from $191.00) on shares of MicroStrategy in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $173.40.
MicroStrategy (NASDAQ MSTR) opened at 127.71 on Friday. The stock’s 50 day moving average price is $128.79 and its 200-day moving average price is $171.16. MicroStrategy has a 52 week low of $123.15 and a 52 week high of $207.28. The company has a market capitalization of $1.46 billion, a PE ratio of 17.64 and a beta of 0.86.
MicroStrategy (NASDAQ:MSTR) last posted its earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.64). MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The business had revenue of $120.61 million during the quarter, compared to the consensus estimate of $125.18 million. During the same quarter last year, the firm earned $1.64 earnings per share. The business’s quarterly revenue was down 2.1% on a year-over-year basis. On average, equities research analysts predict that MicroStrategy will post $4.33 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of MSTR. Wells Fargo & Company MN grew its holdings in MicroStrategy by 3.5% during the 1st 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 during the last quarter. First Trust Advisors LP bought a new position in MicroStrategy during the 1st quarter valued at about $617,000. BNP Paribas Arbitrage SA grew its holdings in MicroStrategy by 11.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,043 shares of the software maker’s stock valued at $384,000 after purchasing an additional 217 shares during the last quarter. Comerica Bank grew its holdings in MicroStrategy by 4.0% during the 1st quarter. Comerica Bank now owns 10,417 shares of the software maker’s stock valued at $2,005,000 after purchasing an additional 405 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in MicroStrategy during the 1st quarter valued at about $779,000. 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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