MicroStrategy (NASDAQ:MSTR) Shares Up 5.9% – Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) shares rose 5.9% during trading on Monday . The stock traded as high as $332.06 and last traded at $321.91. Approximately 8,479,875 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 17,992,060 shares. The stock had previously closed at $304.00.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MSTR. Keefe, Bruyette & Woods began coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective for the company. Compass Point upgraded MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. Canaccord Genuity Group dropped their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Finally, Maxim Group increased their price target on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $85.23 billion, a PE ratio of -58.64 and a beta of 3.36. The company’s 50-day moving average price is $317.11 and its two-hundred day moving average price is $288.99.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Mascagni Wealth Management Inc. purchased a new stake in shares of MicroStrategy in the 4th quarter valued at $58,000. Objective Capital Management LLC purchased a new stake in MicroStrategy during the fourth quarter valued at about $222,000. 111 Capital bought a new position in shares of MicroStrategy during the fourth quarter valued at about $907,000. NorthCrest Asset Manangement LLC purchased a new position in shares of MicroStrategy in the fourth quarter worth about $354,000. Finally, Northstar Financial Companies Inc. purchased a new position in shares of MicroStrategy in the fourth quarter worth about $217,000. 59.84% of the stock is currently owned by institutional investors.

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.