MicroStrategy (MSTR) Reaches New 1-Year High at $151.22

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MicroStrategy Incorporated (NASDAQ:MSTR) shares hit a new 52-week high on Tuesday . The stock traded as high as $151.22 and last traded at $150.21, with a volume of 3957 shares trading hands. The stock had previously closed at $148.10.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded 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. ValuEngine upgraded MicroStrategy from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Finally, BidaskClub downgraded MicroStrategy from a “hold” rating to a “sell” rating in a report on Tuesday, June 12th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $161.67.

The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 27.46 and a beta of 0.67.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of MicroStrategy by 525.3% during the 1st quarter. Royal Bank of Canada now owns 1,238 shares of the software maker’s stock valued at $160,000 after buying an additional 1,040 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of MicroStrategy during the 2nd quarter valued at $192,000. Bank of Montreal Can purchased a new stake in shares of MicroStrategy during the 2nd quarter valued at $194,000. Raymond James & Associates purchased a new stake in shares of MicroStrategy during the 2nd quarter valued at $201,000. Finally, Verition Fund Management LLC purchased a new stake in shares of MicroStrategy during the 2nd quarter valued at $223,000. 74.84% of the stock is owned by institutional investors.

MicroStrategy Company Profile (NASDAQ:MSTR)

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.

Further Reading: Return on Investment (ROI) Defined, Explained

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