MicroStrategy Incorporated (NASDAQ:MSTR) Receives $536.90 Average Price Target from Brokerages

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have received an average recommendation of “Buy” from the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $536.90.

MSTR has been the topic of several research analyst reports. Barclays cut their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Sanford C. Bernstein restated an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a research report on Thursday, December 12th. Cantor Fitzgerald upped their target price on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price on the stock.

MicroStrategy Trading Up 7.4 %

NASDAQ MSTR opened at $304.23 on Monday. The business’s 50-day moving average price is $318.18 and its two-hundred day moving average price is $285.38. MicroStrategy has a 12 month low of $101.00 and a 12 month high of $543.00. The firm has a market capitalization of $78.29 billion, a PE ratio of -54.01 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) EPS 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

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

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.