MicroStrategy Incorporated (NASDAQ:MSTR) Receives Average Rating of “Buy” from Brokerages

MicroStrategy Incorporated (NASDAQ:MSTR) has been given an average recommendation of “Buy” by the ten analysts that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $536.90.

Several analysts have weighed in on MSTR shares. Barclays lowered their price target on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Cantor Fitzgerald raised their price objective on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Compass Point raised MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. Canaccord Genuity Group decreased their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Finally, Maxim Group raised their price objective on MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Discipline Wealth Solutions LLC purchased a new position in shares of MicroStrategy in the fourth quarter worth $297,000. Heck Capital Advisors LLC purchased a new position in shares of MicroStrategy in the fourth quarter worth $155,000. B. Riley Wealth Advisors Inc. raised its stake 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 worth $853,000 after purchasing an additional 1,423 shares during the last quarter. Armis Advisers LLC bought a new stake in shares of MicroStrategy in the fourth quarter worth $460,000. Finally, Garde Capital Inc. bought a new stake in shares of MicroStrategy in the fourth quarter worth $145,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR opened at $263.27 on Thursday. The stock’s 50-day simple moving average is $335.34 and its 200 day simple moving average is $270.80. The stock has a market capitalization of $63.09 billion, a price-to-earnings ratio of -46.74 and a beta of 3.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. MicroStrategy has a 52-week low of $84.18 and a 52-week high of $543.00.

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

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.