MicroStrategy (MSTR) Cut to “Buy” at BidaskClub

BidaskClub lowered shares of MicroStrategy (NASDAQ:MSTR) from a strong-buy rating to a buy rating in a research report report published on Wednesday, March 27th, BidAskClub reports.

MSTR has been the subject of a number of other research reports. ValuEngine upgraded MicroStrategy from a hold rating to a buy rating in a research report on Tuesday, February 12th. BWS Financial began coverage on MicroStrategy in a research report on Monday, February 11th. They issued a buy rating and a $200.00 price target for the company. Finally, Zacks Investment Research cut MicroStrategy from a strong-buy rating to a hold rating in a research report on Friday, December 28th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and a consensus target price of $189.67.

Shares of NASDAQ MSTR traded down $1.63 during mid-day trading on Wednesday, hitting $146.48. 84,551 shares of the company were exchanged, compared to its average volume of 70,210. MicroStrategy has a 1-year low of $115.50 and a 1-year high of $152.38. The company has a market cap of $1.51 billion, a PE ratio of 86.16 and a beta of 0.55.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Tuesday, January 29th. The software maker reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.85). MicroStrategy had a return on equity of 3.23% and a net margin of 4.52%. The company had revenue of $131.92 million for the quarter, compared to analyst estimates of $136.42 million. On average, research analysts expect that MicroStrategy will post 2 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Stone Ridge Asset Management LLC increased its position in MicroStrategy by 73.0% during the 4th quarter. Stone Ridge Asset Management LLC now owns 6,785 shares of the software maker’s stock worth $867,000 after purchasing an additional 2,863 shares in the last quarter. JBF Capital Inc. purchased a new stake in MicroStrategy during the 3rd quarter worth about $232,000. Mackenzie Financial Corp purchased a new stake in MicroStrategy during the 3rd quarter worth about $3,023,000. Bank of New York Mellon Corp increased its position in MicroStrategy by 3.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 123,794 shares of the software maker’s stock worth $17,409,000 after purchasing an additional 4,075 shares in the last quarter. Finally, Legal & General Group Plc increased its position in MicroStrategy by 8.2% during the 3rd quarter. Legal & General Group Plc now owns 21,846 shares of the software maker’s stock worth $3,071,000 after purchasing an additional 1,660 shares in the last quarter. Hedge funds and other institutional investors own 76.87% of the company’s stock.

About MicroStrategy

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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