MicroStrategy (NASDAQ:MSTR) Stock Price Down 0.3% - What's Next?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s share price traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $332.39 and last traded at $332.88. 2,797,082 shares traded hands during trading, a decline of 83% from the average session volume of 16,284,830 shares. The stock had previously closed at $333.97.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MSTR. Cantor Fitzgerald lifted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. BTIG Research upped their price objective on MicroStrategy from $290.00 to $570.00 and gave the company a "buy" rating in a research note on Thursday, November 21st. TD Cowen lifted their target price on MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Sanford C. Bernstein reissued an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Barclays decreased their price target on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $536.90.

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MicroStrategy Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The company has a 50-day simple moving average of $339.79 and a 200-day simple moving average of $270.04. The stock has a market cap of $67.76 billion, a PE ratio of -50.20 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MSTR. Quadrant Capital Group LLC grew its holdings in shares of MicroStrategy by 855.6% in the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after acquiring an additional 77 shares during the period. Riverview Trust Co purchased a new stake in MicroStrategy during the fourth quarter worth $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy in the fourth quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in MicroStrategy in the fourth quarter valued at $26,000. Finally, Safe Harbor Fiduciary LLC increased its position in shares of MicroStrategy by 820.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock valued at $27,000 after buying an additional 82 shares in the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

MicroStrategy Company Profile

MicroStrategy Incorporated provides artificial intelligence-powered enterprise analytics software and services in the United States, Europe, the Middle East, Africa, and internationally. It offers MicroStrategy ONE, which provides non-technical users with the ability to directly access novel and actionable insights for decision-making; and MicroStrategy Cloud for Government service, which offers always-on threat monitoring that meets the rigorous technical and regulatory needs of governments and financial institutions.