MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report) dropped 3.8% during trading on Monday . The stock traded as low as $281.60 and last traded at $286.16. Approximately 5,476,818 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 18,348,001 shares. The stock had previously closed at $297.49.
Analyst Upgrades and Downgrades
MSTR has been the subject of several recent research reports. Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 6th. BTIG Research increased 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. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 target price for the company. Finally, Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $536.90.
Read Our Latest Research Report on MSTR
MicroStrategy Stock Down 2.3 %
The business has a 50-day moving average of $319.90 and a 200-day moving average of $284.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market capitalization of $74.00 billion, a price-to-earnings ratio of -50.86 and a beta of 3.36.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.
Hedge Funds Weigh In On MicroStrategy
A number of hedge funds and other institutional investors have recently bought and sold shares of MSTR. Principal Financial Group Inc. boosted its holdings in MicroStrategy by 781.4% during the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker's stock valued at $7,837,000 after acquiring an additional 41,209 shares during the period. GSA Capital Partners LLP purchased a new position in MicroStrategy during the 3rd quarter valued at about $261,000. Victory Capital Management Inc. boosted its holdings in MicroStrategy by 894.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker's stock valued at $9,750,000 after acquiring an additional 52,016 shares during the period. Oppenheimer & Co. Inc. purchased a new position in MicroStrategy during the 3rd quarter valued at about $238,000. Finally, Metis Global Partners LLC boosted its holdings in MicroStrategy by 952.6% during the 3rd quarter. Metis Global Partners LLC now owns 2,000 shares of the software maker's stock valued at $337,000 after acquiring an additional 1,810 shares during the period. 59.84% of the stock is currently owned by hedge funds and other institutional investors.
About MicroStrategy
(
Get Free Report)
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.
Recommended Stories
Before you consider MicroStrategy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MicroStrategy wasn't on the list.
While MicroStrategy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.