Citigroup Inc. Cuts MicroStrategy Incorporated (MSTR) Price Target to $133.00
MicroStrategy Incorporated (NASDAQ:MSTR) had its price objective decreased by stock analysts at Citigroup Inc. from $191.00 to $133.00 in a research report issued on Thursday. The firm currently has a “neutral” rating on the software maker’s stock. Citigroup Inc.’s target price suggests a potential upside of 6.15% from the stock’s current price.
A number of other brokerages have also commented on MSTR. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 1st. Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $220.00 to $180.00 in a research report on Friday, July 28th. First Analysis lowered shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $225.00 to $140.00 in a research report on Monday, July 31st. Finally, TheStreet lowered shares of MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Two equities 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 company. The stock presently has an average rating of “Hold” and an average price target of $173.40.
Shares of MicroStrategy (MSTR) traded down 1.21% on Thursday, reaching $123.79. The company had a trading volume of 12,903 shares. The stock’s 50 day moving average is $128.79 and its 200 day moving average is $171.16. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 17.10 and a beta of 0.86. MicroStrategy has a 52 week low of $123.36 and a 52 week high of $207.28.
MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.64). The company had revenue of $120.61 million for the quarter, compared to analysts’ expectations of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. On average, equities analysts anticipate that MicroStrategy will post $4.33 EPS for the current year.
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Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC increased its holdings in MicroStrategy by 83.3% during the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock valued at $101,000 after buying an additional 240 shares during the period. SG Americas Securities LLC purchased a new position in MicroStrategy during the first quarter valued at approximately $120,000. ETF Managers Group LLC purchased a new position in MicroStrategy during the second quarter valued at approximately $127,000. Ameritas Investment Partners Inc. purchased a new position in MicroStrategy during the first quarter valued at approximately $154,000. Finally, Riverhead Capital Management LLC increased its holdings in MicroStrategy by 108.3% during the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock valued at $160,000 after buying an additional 433 shares during the period. 76.28% of the stock is currently owned by institutional investors.
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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