BidaskClub Downgrades MicroStrategy (NASDAQ:MSTR) to Sell

MicroStrategy (NASDAQ:MSTR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday, BidAskClub reports.

A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research report on Monday, July 8th.

Shares of MSTR opened at $123.02 on Friday. The company’s 50 day moving average is $136.81. MicroStrategy has a 52 week low of $115.50 and a 52 week high of $152.38. The stock has a market capitalization of $1.26 billion, a P/E ratio of 157.72 and a beta of 0.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.72 and a quick ratio of 2.72.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.98). MicroStrategy had a net margin of 2.64% and a return on equity of 1.73%. The company had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $123.46 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities analysts predict that MicroStrategy will post 0.84 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stone Ridge Asset Management LLC lifted its stake in MicroStrategy by 73.0% in the fourth quarter. Stone Ridge Asset Management LLC now owns 6,785 shares of the software maker’s stock valued at $867,000 after acquiring an additional 2,863 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in MicroStrategy in the first quarter valued at approximately $201,000. California Public Employees Retirement System lifted its stake in MicroStrategy by 6.5% in the fourth quarter. California Public Employees Retirement System now owns 23,690 shares of the software maker’s stock valued at $3,026,000 after acquiring an additional 1,448 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in MicroStrategy in the fourth quarter valued at approximately $349,000. Finally, BlackRock Inc. lifted its stake in MicroStrategy by 1.6% in the fourth quarter. BlackRock Inc. now owns 1,619,440 shares of the software maker’s stock valued at $206,884,000 after acquiring an additional 25,070 shares during the last quarter. Hedge funds and other institutional investors own 74.09% 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.

Read More: What is a Lock-Up Period?

Receive News & Ratings for MicroStrategy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy and related companies with MarketBeat.com's FREE daily email newsletter.