MicroStrategy Incorporated (NASDAQ:MSTR) Given Average Rating of “Buy” by Brokerages

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have earned a consensus rating of “Buy” from the ten analysts that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $536.90.

Several equities analysts recently issued reports on MSTR shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. BTIG Research increased their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group lowered their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Finally, Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company.

Institutional Investors Weigh In On MicroStrategy

Hedge funds have recently modified their holdings of the business. National Bank of Canada FI grew its stake in MicroStrategy by 746.2% during the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker’s stock valued at $3,481,000 after acquiring an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of MicroStrategy in the fourth quarter valued at approximately $81,783,000. B. Riley Wealth Advisors Inc. purchased a new position in MicroStrategy during the third quarter worth approximately $254,000. Clarity Capital Partners LLC boosted its stake in MicroStrategy by 122.3% during the fourth quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker’s stock worth $7,274,000 after buying an additional 13,817 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker’s stock valued at $1,134,000 after buying an additional 6,104 shares in the last quarter. 59.84% of the stock is currently owned by institutional investors and hedge funds.

MicroStrategy Price Performance

NASDAQ:MSTR opened at $297.49 on Monday. The firm’s fifty day moving average is $321.59 and its two-hundred day moving average is $283.05. The firm has a market cap of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. MicroStrategy has a one year low of $101.00 and a one year high of $543.00. 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 (NASDAQ:MSTR) last announced 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.