BidaskClub downgraded shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a sell rating in a research report released on Thursday.

Other equities research analysts have also recently issued reports about the stock. Mizuho cut their price objective on shares of MicroStrategy from $220.00 to $200.00 and set a buy rating for the company in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of MicroStrategy from a strong sell rating to a hold rating in a research report on Friday, September 29th. Citigroup restated a hold rating and set a $133.00 price objective (down from $191.00) on shares of MicroStrategy in a research report on Thursday, September 21st. Finally, Deutsche Bank lowered their target price on shares of MicroStrategy to $150.00 and set a hold rating for the company in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. MicroStrategy presently has an average rating of Hold and an average price target of $155.75.

MicroStrategy (NASDAQ MSTR) traded up $2.26 during trading on Thursday, reaching $136.25. 99,320 shares of the company traded hands, compared to its average volume of 92,541. MicroStrategy has a 52-week low of $122.90 and a 52-week high of $207.28. The firm has a market capitalization of $1,539.28, a PE ratio of 20.72 and a beta of 0.65.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Thursday, October 26th. The software maker reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.56. MicroStrategy had a net margin of 14.81% and a return on equity of 12.90%. The firm had revenue of $125.20 million during the quarter, compared to analysts’ expectations of $125.78 million. During the same period last year, the business earned $2.90 earnings per share. MicroStrategy’s revenue was down 3.6% compared to the same quarter last year. sell-side analysts anticipate that MicroStrategy will post 4.54 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in MicroStrategy by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 255,493 shares of the software maker’s stock worth $48,971,000 after buying an additional 14,839 shares during the period. Legal & General Group Plc boosted its stake in MicroStrategy by 12.3% during the second quarter. Legal & General Group Plc now owns 18,486 shares of the software maker’s stock worth $3,539,000 after buying an additional 2,021 shares during the period. Nine Chapters Capital Management LLC purchased a new position in MicroStrategy during the third quarter worth about $319,000. Royal Bank of Canada boosted its stake in MicroStrategy by 2,609.3% during the second quarter. Royal Bank of Canada now owns 9,564 shares of the software maker’s stock worth $1,833,000 after buying an additional 9,211 shares during the period. Finally, Vanguard Group Inc. boosted its stake in MicroStrategy by 3.2% during the second quarter. Vanguard Group Inc. now owns 861,272 shares of the software maker’s stock worth $165,080,000 after buying an additional 27,107 shares during the period. 74.31% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “MicroStrategy (MSTR) Lowered to “Sell” at BidaskClub” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/12/08/microstrategy-mstr-lowered-to-sell-at-bidaskclub.html.

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.

Analyst Recommendations for MicroStrategy (NASDAQ:MSTR)

Receive News & Stock Ratings for MicroStrategy Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy Incorporated and related stocks with our FREE daily email newsletter.