Q3 2022 EPS Estimates for MicroStrategy Incorporated (NASDAQ:MSTR) Raised by Jefferies Financial Group

MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) – Analysts at Jefferies Financial Group raised their Q3 2022 earnings per share (EPS) estimates for shares of MicroStrategy in a note issued to investors on Sunday, May 22nd. Jefferies Financial Group analyst B. Thill now expects that the software maker will post earnings of $1.13 per share for the quarter, up from their prior estimate of $1.10. Jefferies Financial Group also issued estimates for MicroStrategy’s Q4 2022 earnings at $0.85 EPS, Q2 2023 earnings at $0.59 EPS and Q2 2023 earnings at $0.59 EPS.

MicroStrategy (NASDAQ:MSTRGet Rating) last released its earnings results on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 30.40% and a negative net margin of 109.68%. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS.

A number of other research analysts have also commented on the stock. Zacks Investment Research lowered shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 30th. Canaccord Genuity Group dropped their price objective on shares of MicroStrategy from $540.00 to $453.00 in a report on Wednesday, May 4th. StockNews.com upgraded shares of MicroStrategy to a “sell” rating in a research report on Thursday, May 12th. Finally, TheStreet cut MicroStrategy from a “c-” rating to a “d+” rating in a research note on Monday, May 9th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Hold” and a consensus target price of $561.14.

Shares of MicroStrategy stock opened at $193.01 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.74. MicroStrategy has a 1-year low of $134.09 and a 1-year high of $891.38. The firm has a fifty day simple moving average of $380.53 and a 200-day simple moving average of $475.59. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -3.55 and a beta of 1.72.

In other news, EVP Timothy Edwin Lang bought 2,500 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was acquired at an average price of $200.00 per share, with a total value of $500,000.00. Following the transaction, the executive vice president now owns 2,708 shares of the company’s stock, valued at approximately $541,600. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leslie J. Rechan acquired 2,000 shares of the stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average cost of $204.42 per share, with a total value of $408,840.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at approximately $408,840. The disclosure for this purchase can be found here. 22.59% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MSTR. CIBC Asset Management Inc lifted its position in shares of MicroStrategy by 14.9% during the third quarter. CIBC Asset Management Inc now owns 393 shares of the software maker’s stock valued at $227,000 after purchasing an additional 51 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of MicroStrategy by 23.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 1,227 shares of the software maker’s stock valued at $710,000 after purchasing an additional 234 shares during the period. Citigroup Inc. increased its holdings in MicroStrategy by 570.8% during the 3rd quarter. Citigroup Inc. now owns 7,485 shares of the software maker’s stock worth $4,329,000 after acquiring an additional 9,075 shares during the period. Goldman Sachs Group Inc. raised its position in shares of MicroStrategy by 646.3% in the third quarter. Goldman Sachs Group Inc. now owns 57,424 shares of the software maker’s stock worth $33,214,000 after buying an additional 67,936 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of MicroStrategy during the 3rd quarter valued at about $204,000. 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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Earnings History and Estimates for MicroStrategy (NASDAQ:MSTR)

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