MicroStrategy (NASDAQ:MSTR) Shares Down 0.9% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price dropped 0.9% during mid-day trading on Thursday . The company traded as low as $250.91 and last traded at $260.80. Approximately 5,638,978 shares traded hands during trading, a decline of 67% from the average daily volume of 16,844,844 shares. The stock had previously closed at $263.27.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Mizuho began coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Canaccord Genuity Group reduced their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Sanford C. Bernstein restated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a research note on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and set a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Finally, Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a report on Monday, February 10th. 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. Based on data from MarketBeat, MicroStrategy currently has a consensus rating of “Moderate Buy” and an average target price of $536.90.

MicroStrategy Trading Down 8.8 %

The business has a fifty day moving average price of $335.34 and a 200 day moving average price of $270.80. The firm has a market cap of $57.53 billion, a PE ratio of -42.61 and a beta of 3.25. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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

Several large investors have recently bought and sold shares of the stock. Chelsea Counsel Co. acquired a new stake in shares of MicroStrategy in the 4th quarter valued at about $58,000. Discipline Wealth Solutions LLC purchased a new stake in MicroStrategy in the fourth quarter valued at approximately $297,000. Heck Capital Advisors LLC purchased a new stake in MicroStrategy in the fourth quarter valued at approximately $155,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of MicroStrategy by 93.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,945 shares of the software maker’s stock valued at $853,000 after acquiring an additional 1,423 shares during the period. Finally, Armis Advisers LLC purchased a new position in shares of MicroStrategy during the fourth quarter worth approximately $460,000. Institutional investors and hedge funds own 59.84% of the company’s stock.

About MicroStrategy

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.