MicroStrategy (NASDAQ:MSTR) Price Target Raised to $2,150.00

MicroStrategy (NASDAQ:MSTR) had its target price raised by Benchmark from $1,875.00 to $2,150.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the software maker’s stock.

MSTR has been the subject of a number of other reports. BTIG Research upped their price target on MicroStrategy from $780.00 to $1,800.00 and gave the company a buy rating in a research note on Friday, April 5th. Sanford C. Bernstein raised MicroStrategy to a strong-buy rating in a research note on Friday, June 14th. Maxim Group raised MicroStrategy to a strong-buy rating in a research note on Thursday, June 27th. Canaccord Genuity Group lowered their target price on MicroStrategy from $2,047.00 to $1,826.00 and set a buy rating for the company in a research note on Monday, June 24th. Finally, TD Cowen increased their target price on MicroStrategy from $1,450.00 to $1,880.00 and gave the stock a buy rating in a research note on Friday, June 21st. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $2,079.33.

MicroStrategy Trading Down 8.5 %

NASDAQ:MSTR traded down $122.99 on Friday, hitting $1,325.00. 1,804,016 shares of the stock were exchanged, compared to its average volume of 1,769,624. The stock has a market capitalization of $23.51 billion, a price-to-earnings ratio of -191.04 and a beta of 3.11. MicroStrategy has a 52 week low of $307.11 and a 52 week high of $1,999.99. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.78 and a current ratio of 0.78. The company’s 50-day moving average price is $1,529.24 and its 200 day moving average price is $1,291.87.

MicroStrategy shares are scheduled to split on the morning of Thursday, August 8th. The 10-1 split was announced on Thursday, August 8th. The newly issued shares will be payable to shareholders after the market closes on Thursday, August 8th.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported ($5.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.93) by ($4.81). The company had revenue of $111.44 million during the quarter, compared to the consensus estimate of $121.99 million. MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 16.83%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. bought a new position in MicroStrategy during the 1st quarter worth $29,000. Principal Securities Inc. bought a new position in shares of MicroStrategy in the fourth quarter worth $31,000. Harvest Fund Management Co. Ltd increased its position in shares of MicroStrategy by 307.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 53 shares of the software maker’s stock worth $33,000 after purchasing an additional 40 shares during the period. Rise Advisors LLC increased its position in shares of MicroStrategy by 233.3% in the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock worth $34,000 after purchasing an additional 14 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of MicroStrategy in the second quarter worth $37,000. Institutional investors own 72.03% of the company’s stock.

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.