MicroStrategy Incorporated (NASDAQ:MSTR) Receives $536.90 Consensus Price Target from Analysts

MicroStrategy Incorporated (NASDAQ:MSTR) has been given an average recommendation of “Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $536.90.

MSTR has been the subject of several recent research reports. TD Cowen boosted their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Cantor Fitzgerald boosted their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Mizuho initiated coverage on MicroStrategy in a report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target for the company. Finally, BTIG Research boosted their price target on MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a report on Thursday, November 21st.

MicroStrategy Stock Performance

Shares of MSTR opened at $263.27 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. MicroStrategy has a one year low of $84.18 and a one year high of $543.00. The firm has a market capitalization of $63.09 billion, a P/E ratio of -46.74 and a beta of 3.25. The business has a fifty day moving average of $335.34 and a 200 day moving average of $270.80.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in MicroStrategy by 820.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock worth $61,000 after purchasing an additional 320 shares during the period. Whittier Trust Co. increased its holdings in MicroStrategy by 921.6% during the 3rd quarter. Whittier Trust Co. now owns 1,890 shares of the software maker’s stock worth $319,000 after purchasing an additional 1,705 shares during the period. Calton & Associates Inc. purchased a new position in MicroStrategy during the 3rd quarter worth $280,000. Sequoia Financial Advisors LLC increased its holdings in MicroStrategy by 1,537.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,846 shares of the software maker’s stock worth $817,000 after purchasing an additional 4,550 shares during the period. Finally, Signaturefd LLC increased its holdings in MicroStrategy by 1,154.0% during the 3rd quarter. Signaturefd LLC now owns 627 shares of the software maker’s stock worth $106,000 after purchasing an additional 577 shares during the period. Institutional investors own 59.84% of the company’s stock.

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.