MicroStrategy (NASDAQ:MSTR) Cut to “Sell” at BidaskClub

MicroStrategy (NASDAQ:MSTR) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, October 19th, BidAskClub reports.

A number of other research firms have also weighed in on MSTR. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 2nd. ValuEngine lowered shares of MicroStrategy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of NASDAQ MSTR traded up $0.35 during mid-day trading on Friday, reaching $156.13. 65,300 shares of the company’s stock traded hands, compared to its average volume of 107,453. The stock has a market cap of $1.59 billion, a P/E ratio of 91.84 and a beta of 0.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.13 and a quick ratio of 3.13. MicroStrategy has a 1-year low of $115.50 and a 1-year high of $157.07. The business has a 50-day simple moving average of $147.38 and a 200 day simple moving average of $139.86.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Tuesday, October 29th. The software maker reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.28. The firm had revenue of $119.69 million for the quarter, compared to analysts’ expectations of $123.02 million. MicroStrategy had a net margin of 5.26% and a return on equity of 0.73%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. Equities research analysts anticipate that MicroStrategy will post 0.91 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of MicroStrategy by 7.0% during the second quarter. BlackRock Inc. now owns 1,347,405 shares of the software maker’s stock worth $193,097,000 after purchasing an additional 87,574 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of MicroStrategy by 1.6% during the second quarter. Vanguard Group Inc. now owns 868,311 shares of the software maker’s stock worth $124,438,000 after purchasing an additional 14,033 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of MicroStrategy by 0.7% during the second quarter. Victory Capital Management Inc. now owns 415,595 shares of the software maker’s stock worth $59,559,000 after purchasing an additional 3,009 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of MicroStrategy during the second quarter worth $59,082,000. Finally, Russell Investments Group Ltd. lifted its position in shares of MicroStrategy by 58.9% during the third quarter. Russell Investments Group Ltd. now owns 299,994 shares of the software maker’s stock worth $44,501,000 after purchasing an additional 111,155 shares during the last quarter. 76.41% of the stock is owned by institutional investors.

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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