MicroStrategy (NASDAQ:MSTR) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of MicroStrategy (NASDAQ:MSTR) from a hold rating to a buy rating in a report issued on Friday, BidAskClub reports.

MSTR has been the subject of a number of other research reports. ValuEngine upgraded MicroStrategy from a hold rating to a buy rating in a report on Thursday, August 1st. Zacks Investment Research cut MicroStrategy from a hold rating to a strong sell rating in a report on Friday, July 12th.

MicroStrategy stock opened at $147.45 on Friday. MicroStrategy has a 52 week low of $115.50 and a 52 week high of $152.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.90 and a current ratio of 2.90. The stock has a market capitalization of $1.52 billion, a P/E ratio of 86.74 and a beta of 0.66. The stock has a 50-day simple moving average of $139.03 and a 200 day simple moving average of $139.23.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, July 30th. The software maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.19). MicroStrategy had a return on equity of 0.67% and a net margin of 5.85%. The business had revenue of $117.74 million for the quarter, compared to the consensus estimate of $120.63 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts forecast that MicroStrategy will post 0.53 earnings per share for the current year.

In other news, Director Leslie J. Rechan acquired 1,900 shares of MicroStrategy stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $136.98 per share, for a total transaction of $260,262.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.88% of the company’s stock.

Several large investors have recently modified their holdings of MSTR. First Trust Advisors LP bought a new stake in shares of MicroStrategy during the second quarter worth approximately $59,082,000. Westfield Capital Management Co. LP bought a new stake in shares of MicroStrategy during the first quarter worth approximately $17,594,000. BlackRock Inc. boosted its holdings 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 acquiring an additional 87,574 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of MicroStrategy by 3,819.1% during the second quarter. Nuveen Asset Management LLC now owns 69,250 shares of the software maker’s stock worth $9,925,000 after acquiring an additional 67,483 shares during the period. Finally, FIL Ltd boosted its holdings in shares of MicroStrategy by 352.4% during the first quarter. FIL Ltd now owns 47,500 shares of the software maker’s stock worth $6,852,000 after acquiring an additional 37,000 shares during the period. Institutional investors own 76.42% of the company’s stock.

About MicroStrategy

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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