MicroStrategy (NASDAQ:MSTR) Shares Up 4.6% – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s share price traded up 4.6% during trading on Wednesday . The stock traded as high as $298.65 and last traded at $296.25. 4,460,861 shares were traded during trading, a decline of 75% from the average session volume of 18,203,990 shares. The stock had previously closed at $283.19.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MSTR shares. Canaccord Genuity Group decreased their target price on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. TD Cowen upped their price objective on shares of MicroStrategy from $392.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Benchmark reiterated a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a research report on Tuesday, January 14th. Maxim Group boosted their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods started coverage on shares of MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 price objective on the stock. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

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 cap of $75.53 billion, a PE ratio of -52.46 and a beta of 3.36. The business’s 50-day moving average is $317.59 and its 200 day moving average is $285.50.

MicroStrategy (NASDAQ:MSTR) last released its earnings results 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 net margin of 251.73% and a negative return on equity of 19.01%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in MicroStrategy during the 4th quarter valued at $25,000. IAG Wealth Partners LLC bought a new position in shares of MicroStrategy during the fourth quarter valued at approximately $25,000. Quadrant Capital Group LLC lifted its stake in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after acquiring an additional 77 shares during the period. Dunhill Financial LLC bought a new stake in MicroStrategy in the fourth quarter valued at $26,000. Finally, Sunbelt Securities Inc. increased its position in MicroStrategy by 900.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after purchasing an additional 144 shares during the period. Institutional investors own 59.84% of the company’s stock.

MicroStrategy Company Profile

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.