MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price dropped 11.6% during mid-day trading on Monday . The company traded as low as $247.20 and last traded at $253.78. Approximately 8,695,876 shares traded hands during trading, a decline of 54% from the average daily volume of 18,778,567 shares. The stock had previously closed at $287.18.
Analysts Set New Price Targets
MSTR has been the topic of a number of research reports. BTIG Research raised their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Barclays decreased their target price on shares of MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Mizuho initiated coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 target price on the stock. Finally, Maxim Group upped their price target on MicroStrategy from $480.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $536.90.
View Our Latest Stock Report on MSTR
MicroStrategy Stock Up 0.8 %
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 company has a market capitalization of $67.57 billion, a PE ratio of -46.61 and a beta of 3.36. The firm's 50-day simple moving average is $323.71 and its 200 day simple moving average is $280.20.
MicroStrategy (NASDAQ:MSTR - Get Free Report) last issued its earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share for the quarter, missing the consensus estimate 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
Hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Riverview Trust Co acquired a new position in shares of MicroStrategy in the fourth quarter worth $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in shares of MicroStrategy during the fourth quarter valued at $26,000. Finally, Safe Harbor Fiduciary LLC increased its position in MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.
MicroStrategy Company Profile
(
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.
Featured Articles
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
