FY2023 EPS Estimates for MicroStrategy Incorporated Reduced by Jefferies Financial Group (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) – Equities research analysts at Jefferies Financial Group reduced their FY2023 EPS estimates for MicroStrategy in a research note issued to investors on Wednesday, April 27th. Jefferies Financial Group analyst B. Thill now anticipates that the software maker will post earnings per share of $4.60 for the year, down from their previous estimate of $5.20. Jefferies Financial Group has a “Hold” rating and a $580.00 price target on the stock. Jefferies Financial Group also issued estimates for MicroStrategy’s FY2024 earnings at $5.59 EPS.

A number of other equities analysts have also recently commented on MSTR. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 6th. BTIG Research reaffirmed a “buy” rating and issued a $950.00 target price on shares of MicroStrategy in a report on Friday, January 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $640.00.

Shares of MicroStrategy stock opened at $393.00 on Friday. The firm’s fifty day simple moving average is $439.08 and its 200-day simple moving average is $538.11. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of -7.40 and a beta of 1.62. MicroStrategy has a 12 month low of $307.19 and a 12 month high of $891.38. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.86 and a quick ratio of 0.86.

MicroStrategy (NASDAQ:MSTRGet Rating) last issued its quarterly earnings data on Tuesday, February 1st. The software maker reported ($8.41) earnings per share for the quarter, missing the consensus estimate of $1.58 by ($9.99). The company had revenue of $134.52 million for the quarter, compared to analysts’ expectations of $133.20 million. MicroStrategy had a negative return on equity of 11.29% and a negative net margin of 104.84%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.87 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Voya Investment Management LLC boosted its position in shares of MicroStrategy by 0.4% in the 3rd quarter. Voya Investment Management LLC now owns 4,390 shares of the software maker’s stock worth $2,539,000 after buying an additional 16 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its position in shares of MicroStrategy by 11.4% in the 3rd quarter. Sterling Investment Advisors Ltd. now owns 195 shares of the software maker’s stock worth $113,000 after buying an additional 20 shares in the last quarter. IHT Wealth Management LLC boosted its position in shares of MicroStrategy by 7.9% in the 4th quarter. IHT Wealth Management LLC now owns 423 shares of the software maker’s stock worth $230,000 after buying an additional 31 shares in the last quarter. Xponance Inc. boosted its position in shares of MicroStrategy by 8.7% in the 4th quarter. Xponance Inc. now owns 400 shares of the software maker’s stock worth $218,000 after buying an additional 32 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in shares of MicroStrategy by 0.7% in the 4th quarter. D.A. Davidson & CO. now owns 6,233 shares of the software maker’s stock worth $3,394,000 after buying an additional 42 shares in the last quarter. 54.45% of the stock is currently owned by institutional investors.

MicroStrategy Company Profile (Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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Earnings History and Estimates for MicroStrategy (NASDAQ:MSTR)

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