MicroStrategy (NASDAQ:MSTR) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday, BidAskClub reports.

Separately, Zacks Investment Research raised shares of MicroStrategy from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a report on Tuesday, April 16th.

NASDAQ:MSTR traded up $0.39 during mid-day trading on Thursday, hitting $133.07. The company’s stock had a trading volume of 33,106 shares, compared to its average volume of 63,506. MicroStrategy has a fifty-two week low of $115.50 and a fifty-two week 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 firm has a market capitalization of $1.37 billion, a PE ratio of 78.28 and a beta of 0.61.

MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.98). MicroStrategy had a return on equity of 1.73% and a net margin of 2.64%. The business had revenue of $115.40 million during the quarter, compared to analyst estimates of $123.46 million. During the same period last year, the company earned $0.15 EPS. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. On average, research analysts expect that MicroStrategy will post 0.94 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $27,952,000. Westfield Capital Management Co. LP bought a new position in MicroStrategy in the first quarter valued at approximately $17,594,000. Victory Capital Management Inc. boosted its stake in MicroStrategy by 33.2% in the fourth quarter. Victory Capital Management Inc. now owns 409,724 shares of the software maker’s stock valued at $52,342,000 after acquiring an additional 102,125 shares during the last quarter. Renaissance Technologies LLC boosted its stake in MicroStrategy by 187.6% in the first quarter. Renaissance Technologies LLC now owns 95,200 shares of the software maker’s stock valued at $13,733,000 after acquiring an additional 62,100 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in MicroStrategy by 751.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,998 shares of the software maker’s stock valued at $7,154,000 after acquiring an additional 49,424 shares during the last quarter. 74.24% of the stock is owned by institutional investors.

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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