MicroStrategy (NASDAQ:MSTR) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of MicroStrategy (NASDAQ:MSTR) from a buy rating to a hold rating in a report released on Monday, ValuEngine reports.

A number of other brokerages have also commented on MSTR. BidaskClub upgraded DENTSPLY SIRONA from a buy rating to a strong-buy rating in a research note on Thursday, June 13th. Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a research note on Wednesday, July 3rd.

MSTR opened at $122.79 on Monday. MicroStrategy has a 1-year low of $115.50 and a 1-year high of $152.38. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.44 billion, a PE ratio of 72.23 and a beta of 0.65. The company has a 50 day simple moving average of $137.06.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Tuesday, April 30th. The software maker reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.98). The firm had revenue of $115.40 million during the quarter, compared to analyst estimates of $123.46 million. MicroStrategy had a net margin of 2.64% and a return on equity of 1.73%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. Equities research analysts anticipate that MicroStrategy will post 0.94 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in shares of MicroStrategy by 48.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 253 shares of the software maker’s stock valued at $32,000 after purchasing an additional 82 shares in the last quarter. Pearl River Capital LLC acquired a new position in MicroStrategy during the first quarter worth $58,000. PNC Financial Services Group Inc. raised its stake in MicroStrategy by 40.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 658 shares of the software maker’s stock worth $84,000 after acquiring an additional 190 shares in the last quarter. Everence Capital Management Inc. acquired a new position in MicroStrategy during the first quarter worth $201,000. Finally, BNP Paribas Arbitrage SA raised its stake in MicroStrategy by 147.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,997 shares of the software maker’s stock worth $288,000 after acquiring an additional 1,190 shares in the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

MicroStrategy Company Profile

MicroStrategy Incorporated provides enterprise analytics and mobility software platforms worldwide. It offers MicroStrategy Consulting that provides customers with assessment, advisory, architecture, and deployment services to guide their customers in defining, developing, and delivering business analytics solutions for their enterprises across various industries; and MicroStrategy Education, which consists of classroom-based courses, instructor-led courses, recorded courses, self-paced e-learning modules, customer on-site training, and enterprise E-Courseware options for large organizations in various languages.

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

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