MicroStrategy Incorporated (NASDAQ:MSTR) had its price objective decreased by stock analysts at Citigroup Inc. from $191.00 to $133.00 in a research report issued on Thursday. The firm currently has a “neutral” rating on the software maker’s stock. Citigroup Inc.’s target price suggests a potential upside of 6.15% from the stock’s current price.

A number of other brokerages have also commented on MSTR. BidaskClub raised shares of MicroStrategy from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research raised shares of MicroStrategy from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 1st. Deutsche Bank AG lowered shares of MicroStrategy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $220.00 to $180.00 in a research report on Friday, July 28th. First Analysis lowered shares of MicroStrategy from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $225.00 to $140.00 in a research report on Monday, July 31st. Finally, TheStreet lowered shares of MicroStrategy from a “b” rating to a “c+” rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $173.40.

Shares of MicroStrategy (MSTR) traded down 1.21% on Thursday, reaching $123.79. The company had a trading volume of 12,903 shares. The stock’s 50 day moving average is $128.79 and its 200 day moving average is $171.16. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 17.10 and a beta of 0.86. MicroStrategy has a 52 week low of $123.36 and a 52 week high of $207.28.

MicroStrategy (NASDAQ:MSTR) last issued its earnings results on Thursday, July 27th. The software maker reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $1.60 by ($0.64). The company had revenue of $120.61 million for the quarter, compared to analysts’ expectations of $125.18 million. MicroStrategy had a return on equity of 14.99% and a net margin of 16.37%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.64 earnings per share. On average, equities analysts anticipate that MicroStrategy will post $4.33 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Citigroup Inc. Cuts MicroStrategy Incorporated (MSTR) Price Target to $133.00” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/21/citigroup-inc-cuts-microstrategy-incorporated-mstr-price-target-to-133-00.html.

Hedge funds have recently modified their holdings of the stock. Flinton Capital Management LLC increased its holdings in MicroStrategy by 83.3% during the second quarter. Flinton Capital Management LLC now owns 528 shares of the software maker’s stock valued at $101,000 after buying an additional 240 shares during the period. SG Americas Securities LLC purchased a new position in MicroStrategy during the first quarter valued at approximately $120,000. ETF Managers Group LLC purchased a new position in MicroStrategy during the second quarter valued at approximately $127,000. Ameritas Investment Partners Inc. purchased a new position in MicroStrategy during the first quarter valued at approximately $154,000. Finally, Riverhead Capital Management LLC increased its holdings in MicroStrategy by 108.3% during the second quarter. Riverhead Capital Management LLC now owns 833 shares of the software maker’s stock valued at $160,000 after buying an additional 433 shares during the period. 76.28% of the stock is currently owned by institutional investors.

MicroStrategy Company Profile

MicroStrategy Incorporated is a provider of enterprise software platforms around the world. The Company is engaged in the design, development, marketing and sales of its software platform through licensing arrangements, and cloud-based subscriptions and related services. It focuses on providing enterprise customers with software platform and services for deploying intelligence applications.

Analyst Recommendations for MicroStrategy (NASDAQ:MSTR)

Receive News & Ratings for MicroStrategy Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MicroStrategy Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.