MicroStrategy (NASDAQ:MSTR) PT Lowered to $453.00

MicroStrategy (NASDAQ:MSTR – Get Rating) had its price target cut by equities researchers at Canaccord Genuity Group from $540.00 to $453.00 in a research note issued on Wednesday, The Fly reports. Canaccord Genuity Group’s target price suggests a potential upside of 31.92% from the stock’s current price.

Several other equities analysts have also recently commented on MSTR. Jefferies Financial Group reduced their target price on MicroStrategy from $620.00 to $580.00 and set a “hold” rating for the company in a research report on Thursday, January 6th. BTIG Research restated a “buy” rating and set a $950.00 target price on shares of MicroStrategy in a research report on Friday, January 21st. Finally, Zacks Investment Research cut MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Saturday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $613.29.

Shares of NASDAQ MSTR opened at $343.40 on Wednesday. The stock has a market cap of $3.87 billion, a PE ratio of -6.34 and a beta of 1.72. MicroStrategy has a fifty-two week low of $307.19 and a fifty-two week high of $891.38. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a fifty day moving average of $437.58 and a 200-day moving average of $529.02.

MicroStrategy (NASDAQ:MSTR – Get Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($11.92). The company had revenue of $119.28 million during the quarter, compared to analysts’ expectations of $126.23 million. MicroStrategy had a negative net margin of 104.84% and a negative return on equity of 11.29%. MicroStrategy’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 earnings per share. On average, sell-side analysts predict that MicroStrategy will post 6.64 EPS for the current year.

A number of hedge funds have recently modified their holdings of MSTR. Capital World Investors lifted its stake in MicroStrategy by 366.7% during the fourth quarter. Capital World Investors now owns 587,996 shares of the software maker’s stock worth $320,158,000 after purchasing an additional 461,996 shares during the last quarter. Capital International Investors lifted its stake in shares of MicroStrategy by 27.4% in the 4th quarter. Capital International Investors now owns 1,338,625 shares of the software maker’s stock valued at $728,868,000 after acquiring an additional 288,104 shares during the last quarter. Norges Bank bought a new stake in shares of MicroStrategy in the 4th quarter valued at about $55,352,000. Goldman Sachs Group Inc. lifted its stake in shares of MicroStrategy by 646.3% in the 3rd quarter. Goldman Sachs Group Inc. now owns 57,424 shares of the software maker’s stock valued at $33,214,000 after acquiring an additional 67,936 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of MicroStrategy by 2,497.6% in the 3rd quarter. Two Sigma Advisers LP now owns 56,497 shares of the software maker’s stock valued at $32,678,000 after acquiring an additional 54,322 shares during the last quarter. 52.87% of the stock is owned by hedge funds and other 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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