ValuEngine upgraded shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a buy rating in a report released on Tuesday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research raised MicroStrategy from a hold rating to a strong-buy rating and set a $152.00 price target for the company in a report on Friday, August 3rd. BidaskClub cut MicroStrategy from a hold rating to a sell rating in a report on Tuesday, June 12th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $158.75.

NASDAQ MSTR opened at $144.54 on Tuesday. MicroStrategy has a fifty-two week low of $122.16 and a fifty-two week high of $150.08. The firm has a market capitalization of $1.66 billion, a PE ratio of 27.07 and a beta of 0.67.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Thursday, July 26th. The software maker reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.27. MicroStrategy had a positive return on equity of 6.93% and a negative net margin of 0.35%. The company had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $122.06 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. equities research analysts anticipate that MicroStrategy will post 1.42 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC raised its holdings in shares of MicroStrategy by 9.8% in the second quarter. IndexIQ Advisors LLC now owns 16,958 shares of the software maker’s stock worth $2,166,000 after acquiring an additional 1,514 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of MicroStrategy by 60.4% in the second quarter. Xact Kapitalforvaltning AB now owns 3,186 shares of the software maker’s stock worth $407,000 after acquiring an additional 1,200 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of MicroStrategy by 2.2% in the first quarter. Rhumbline Advisers now owns 24,089 shares of the software maker’s stock worth $3,107,000 after acquiring an additional 520 shares during the last quarter. Millennium Management LLC raised its holdings in shares of MicroStrategy by 39.8% in the first quarter. Millennium Management LLC now owns 97,032 shares of the software maker’s stock worth $12,516,000 after acquiring an additional 27,605 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of MicroStrategy in the second quarter worth $2,859,000. 74.93% of the stock is owned by institutional investors.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise software platforms worldwide. It offers MicroStrategy Analytics platform that delivers reports and dashboards, and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management for various reporting, analysis, and monitoring applications; MicroStrategy Web, a primary reporting interface for analysts that offers interactive reporting, dashboarding, and analysis through a Web browser; and MicroStrategy Desktop, an on-premise and single-user tool for easy-to-use self-service visual data discovery.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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