MicroStrategy (NASDAQ:MSTR) Shares Up 7.5%

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) shot up 7.5% on Thursday . The stock traded as high as $135.50 and last traded at $134.05. 3,719,158 shares were traded during trading, a decline of 79% from the average session volume of 17,554,533 shares. The stock had previously closed at $124.68.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MSTR. Sanford C. Bernstein upgraded MicroStrategy to a “strong-buy” rating in a research note on Friday, June 14th. Maxim Group boosted their target price on MicroStrategy from $183.50 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Benchmark boosted their price target on MicroStrategy from $187.50 to $215.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Canaccord Genuity Group dropped their price target on MicroStrategy from $204.70 to $182.60 and set a “buy” rating on the stock in a research note on Monday, June 24th. Finally, TD Cowen boosted their price target on MicroStrategy from $145.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, June 21st. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $207.93.

MicroStrategy Stock Down 0.5 %

The business has a fifty day moving average of $150.11 and a two-hundred day moving average of $131.00. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -20.20 and a beta of 3.11. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48.

MicroStrategy (NASDAQ:MSTR) last announced its earnings results on Thursday, August 1st. The software maker reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.48). MicroStrategy had a negative net margin of 43.69% and a negative return on equity of 16.83%. The firm had revenue of $111.44 million for the quarter, compared to analyst estimates of $121.99 million. During the same period in the previous year, the company earned $0.15 EPS. MicroStrategy’s revenue was down 7.4% compared to the same quarter last year.

Hedge Funds Weigh In On MicroStrategy

Hedge funds have recently made changes to their positions in the company. ST Germain D J Co. Inc. acquired a new position in shares of MicroStrategy during the first quarter valued at approximately $29,000. Rise Advisors LLC raised its holdings in shares of MicroStrategy by 233.3% during the first quarter. Rise Advisors LLC now owns 20 shares of the software maker’s stock valued at $34,000 after acquiring an additional 14 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of MicroStrategy in the second quarter valued at approximately $37,000. GAMMA Investing LLC grew its position in shares of MicroStrategy by 36.4% in the second quarter. GAMMA Investing LLC now owns 30 shares of the software maker’s stock valued at $41,000 after purchasing an additional 8 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of MicroStrategy in the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 72.03% 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.