MicroStrategy Incorporated (NASDAQ:MSTR) to Post Q3 2022 Earnings of $0.95 Per Share, Jefferies Financial Group Forecasts

MicroStrategy Incorporated (NASDAQ:MSTRGet Rating) – Equities researchers at Jefferies Financial Group reduced their Q3 2022 earnings per share (EPS) estimates for shares of MicroStrategy in a note issued to investors on Wednesday, August 3rd. Jefferies Financial Group analyst B. Thill now forecasts that the software maker will post earnings of $0.95 per share for the quarter, down from their previous estimate of $1.13. Jefferies Financial Group currently has a “Underperform” rating and a $180.00 price target on the stock. The consensus estimate for MicroStrategy’s current full-year earnings is ($11.76) per share. Jefferies Financial Group also issued estimates for MicroStrategy’s Q4 2022 earnings at $0.72 EPS, Q1 2023 earnings at $0.71 EPS, Q4 2023 earnings at $0.97 EPS, FY2023 earnings at $3.47 EPS, Q1 2024 earnings at $1.01 EPS and FY2024 earnings at $3.89 EPS.

Several other equities research analysts also recently weighed in on MSTR. Canaccord Genuity Group cut their price target on MicroStrategy from $453.00 to $372.00 in a report on Thursday. StockNews.com raised MicroStrategy to a “sell” rating in a research report on Saturday, July 2nd. Finally, TheStreet cut MicroStrategy from a “c-” rating to a “d+” rating in a research report on Monday, May 9th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $593.25.

MicroStrategy Price Performance

Shares of NASDAQ MSTR opened at $319.15 on Friday. The stock’s 50-day moving average is $222.11 and its two-hundred day moving average is $327.98. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.80 and a quick ratio of 0.81. MicroStrategy has a 1-year low of $134.09 and a 1-year high of $891.38. The company has a market cap of $3.61 billion, a price-to-earnings ratio of -2.71 and a beta of 2.23.

MicroStrategy (NASDAQ:MSTRGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The software maker reported ($10.42) earnings per share for the quarter, missing the consensus estimate of $1.50 by ($11.92). MicroStrategy had a negative return on equity of 233.94% and a negative net margin of 261.81%. The company had revenue of $119.28 million for the quarter, compared to analysts’ expectations of $126.23 million. During the same quarter last year, the company earned $1.05 EPS. MicroStrategy’s revenue for the quarter was down 2.9% compared to the same quarter last year.

Institutional Trading of MicroStrategy

A number of large investors have recently made changes to their positions in the company. National Asset Management Inc. acquired a new stake in MicroStrategy during the 4th quarter worth approximately $248,000. Allspring Global Investments Holdings LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $1,762,000. Commonwealth Equity Services LLC lifted its position in MicroStrategy by 31.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,082 shares of the software maker’s stock worth $2,222,000 after acquiring an additional 974 shares during the period. State of New Jersey Common Pension Fund D lifted its position in MicroStrategy by 1.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 4,781 shares of the software maker’s stock worth $2,603,000 after acquiring an additional 66 shares during the period. Finally, CWM LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $152,000. 52.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at MicroStrategy

In other news, EVP Timothy Edwin Lang bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average cost of $200.00 per share, with a total value of $500,000.00. Following the transaction, the executive vice president now directly owns 2,708 shares in the company, valued at $541,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Leslie J. Rechan bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average cost of $204.42 per share, with a total value of $408,840.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at $408,840. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Edwin Lang bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was purchased at an average cost of $200.00 per share, with a total value of $500,000.00. Following the completion of the transaction, the executive vice president now owns 2,708 shares in the company, valued at $541,600. The disclosure for this purchase can be found here. Insiders own 22.59% of the company’s stock.

MicroStrategy Company Profile

(Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

See Also

Earnings History and Estimates for MicroStrategy (NASDAQ:MSTR)

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