MicroStrategy Incorporated (NASDAQ:MSTR) Receives Average Recommendation of “Buy” from Analysts

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

A number of equities research analysts have recently issued reports on the stock. Mizuho started coverage on shares of MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price target on the stock. Compass Point raised MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Maxim Group boosted 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. Finally, Keefe, Bruyette & Woods assumed coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company.

Hedge Funds Weigh In On MicroStrategy

A number of institutional investors and hedge funds have recently made changes to their positions in MSTR. Geode Capital Management LLC lifted its stake in MicroStrategy by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 3,047,625 shares of the software maker’s stock worth $881,470,000 after acquiring an additional 281,342 shares during the last quarter. Norges Bank purchased a new position in MicroStrategy in the fourth quarter valued at $523,981,000. Northern Trust Corp raised its stake in MicroStrategy by 24.4% in the fourth quarter. Northern Trust Corp now owns 1,076,185 shares of the software maker’s stock valued at $311,685,000 after buying an additional 210,997 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in MicroStrategy by 25.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 802,464 shares of the software maker’s stock worth $232,410,000 after buying an additional 162,757 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of MicroStrategy by 14.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 761,776 shares of the software maker’s stock worth $220,626,000 after acquiring an additional 97,515 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

MicroStrategy Trading Up 13.0 %

Shares of MicroStrategy stock opened at $297.49 on Monday. MicroStrategy has a fifty-two week low of $101.00 and a fifty-two week 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. The firm has a market capitalization of $76.56 billion, a price-to-earnings ratio of -52.81 and a beta of 3.36. The stock has a 50 day moving average of $321.59 and a 200 day moving average of $283.05.

MicroStrategy (NASDAQ:MSTR) last issued its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($3.07). MicroStrategy had a negative return on equity of 19.01% and a negative net margin of 251.73%.

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.