MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) reached a new 52-week low on Thursday after Jefferies Financial Group lowered their price target on the stock from $140.00 to $110.00. The stock traded as low as $133.84 and last traded at $136.33, with a volume of 33263 shares changing hands. The stock had previously closed at $138.09.
Hedge Funds Weigh In On MicroStrategy
Institutional investors and hedge funds have recently made changes to their positions in the stock. Elequin Capital LP acquired a new position in shares of MicroStrategy during the first quarter worth about $46,000. CI Investments Inc. acquired a new position in shares of MicroStrategy during the second quarter worth about $28,000. US Bancorp DE grew its position in shares of MicroStrategy by 230.0% during the second quarter. US Bancorp DE now owns 198 shares of the software maker’s stock worth $33,000 after buying an additional 138 shares in the last quarter. Avion Wealth acquired a new position in shares of MicroStrategy during the second quarter worth about $33,000. Finally, Fifth Third Bancorp grew its position in shares of MicroStrategy by 134.4% during the second quarter. Fifth Third Bancorp now owns 286 shares of the software maker’s stock worth $47,000 after buying an additional 164 shares in the last quarter. 51.75% of the stock is owned by institutional investors and hedge funds.
MicroStrategy Stock Performance
The stock has a 50-day moving average price of $199.85 and a 200 day moving average price of $222.51. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -1.19 and a beta of 2.13. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 2.74.
MicroStrategy (NASDAQ:MSTR – Get Rating) last posted its earnings results on Tuesday, November 1st. The software maker reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.94 by ($1.90). The business had revenue of $125.36 million for the quarter, compared to analysts’ expectations of $125.30 million. MicroStrategy had a negative return on equity of 348.42% and a negative net margin of 261.38%. On average, analysts forecast that MicroStrategy Incorporated will post -26.39 EPS for the current year.
About MicroStrategy
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.