MicroStrategy (NASDAQ:MSTR) Shares Up 0.7% – What’s Next?

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 0.7% during mid-day trading on Thursday . The stock traded as high as $309.40 and last traded at $306.46. Approximately 4,924,556 shares traded hands during trading, a decline of 73% from the average daily volume of 18,105,705 shares. The stock had previously closed at $304.23.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MSTR shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research report on Thursday, December 12th. BTIG Research lifted their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Mizuho began coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Maxim Group lifted their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Compass Point raised shares of MicroStrategy to a “strong-buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $536.90.

MicroStrategy Stock Down 2.0 %

The firm has a 50-day moving average price of $318.18 and a two-hundred day moving average price of $285.38. The company has a market capitalization of $76.72 billion, a price-to-earnings ratio of -53.44 and a beta of 3.36. 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 (NASDAQ:MSTR) last announced 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 Trading of MicroStrategy

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in MicroStrategy during the fourth quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its holdings in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC bought a new stake in MicroStrategy in the 4th quarter valued at $26,000. Finally, Sunbelt Securities Inc. grew its holdings in MicroStrategy by 900.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock valued at $27,000 after buying an additional 144 shares in the last quarter. Institutional investors own 59.84% 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.