Somewhat Favorable Press Coverage Somewhat Unlikely to Impact MicroStrategy (MSTR) Stock Price
Media coverage about MicroStrategy (NASDAQ:MSTR) has been trending somewhat positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MicroStrategy earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.3332816413078 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Bear of the Day: MicroStrategy Incorporated (MSTR) (nasdaq.com)
- Why Shares of MicroStrategy Inc. Fell 30% in July (fool.com)
- Leading Restaurant Management Software Provider CrunchTime! Information Systems Leverages MicroStrategy 10TM (finance.yahoo.com)
- Reviewing Q2 Holdings (QTWO) & MicroStrategy (MSTR) (americanbankingnews.com)
Shares of MicroStrategy (MSTR) traded up 0.99% on Friday, reaching $129.01. 157,806 shares of the company’s stock were exchanged. MicroStrategy has a one year low of $126.07 and a one year high of $207.28. The firm has a 50 day moving average of $170.39 and a 200 day moving average of $183.89. The firm has a market capitalization of $1.48 billion, a P/E ratio of 17.82 and a beta of 0.87.
MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by $0.64. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The firm had revenue of $120.61 million during the quarter, compared to analysts’ expectations of $125.18 million. During the same quarter in the prior year, the firm earned $1.64 EPS. The firm’s revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts predict that MicroStrategy will post $4.42 EPS for the current year.
MSTR has been the subject of a number of analyst reports. Zacks Investment Research cut shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 4th. BidaskClub raised shares of MicroStrategy from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Mizuho reissued a “buy” rating and set a $220.00 target price on shares of MicroStrategy in a research report on Sunday, April 23rd. TheStreet cut shares of MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Finally, First Analysis cut shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $225.00 to $140.00 in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. MicroStrategy presently has an average rating of “Hold” and an average price target of $191.00.
In other news, EVP Wei-Ming Shao sold 2,400 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $183.54, for a total transaction of $440,496.00. Following the completion of the sale, the executive vice president now owns 1,005 shares in the company, valued at approximately $184,457.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 21.80% of the stock is owned by insiders.
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.
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