Somewhat Positive Media Coverage Somewhat Unlikely to Affect MicroStrategy (MSTR) Stock Price
Media headlines about MicroStrategy (NASDAQ:MSTR) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. MicroStrategy earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 46.0160381530532 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts have issued reports on the company. BidaskClub upgraded MicroStrategy from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Deutsche Bank AG lowered MicroStrategy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $220.00 to $180.00 in a research note on Friday, July 28th. First Analysis lowered MicroStrategy from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $225.00 to $140.00 in a research note on Monday, July 31st. Zacks Investment Research lowered MicroStrategy from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 3rd. Finally, TheStreet lowered MicroStrategy from a “b” rating to a “c+” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $160.75.
Shares of MicroStrategy (NASDAQ:MSTR) traded down 0.42% during mid-day trading on Wednesday, hitting $131.80. The stock had a trading volume of 43,202 shares. MicroStrategy has a 1-year low of $122.90 and a 1-year high of $207.28. The stock’s 50-day moving average price is $127.78 and its 200 day moving average price is $164.59. The company has a market capitalization of $1.24 billion, a P/E ratio of 16.62 and a beta of 0.84.
MicroStrategy (NASDAQ:MSTR) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.64). MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The business had revenue of $120.61 million for the quarter, compared to analyst estimates of $125.18 million. During the same period last year, the firm posted $1.64 EPS. MicroStrategy’s quarterly revenue was down 2.1% on a year-over-year basis. On average, analysts predict that MicroStrategy will post $4.33 EPS for the current fiscal year.
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MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.
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