MicroStrategy (NASDAQ:MSTR) Stock Price Up 1.2% – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR)’s stock price rose 1.2% during mid-day trading on Thursday . The company traded as high as $320.94 and last traded at $312.10. Approximately 11,180,484 shares changed hands during trading, a decline of 41% from the average daily volume of 18,902,971 shares. The stock had previously closed at $308.55.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Benchmark restated a “buy” rating and issued a $650.00 target price on shares of MicroStrategy in a research note on Tuesday, January 14th. Maxim Group boosted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price for the company. BTIG Research boosted 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. Finally, TD Cowen raised their price objective on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.71 and a quick ratio of 0.65. The stock has a 50-day moving average price of $326.42 and a 200-day moving average price of $275.67. The company has a market capitalization of $73.91 billion, a price-to-earnings ratio of -50.98 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last announced 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 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. Quadrant Capital Group LLC lifted its position in MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after acquiring an additional 77 shares during the last quarter. Riverview Trust Co acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in MicroStrategy during the 4th quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in MicroStrategy in the 4th quarter valued at $26,000. Finally, Safe Harbor Fiduciary LLC grew its holdings in MicroStrategy by 820.0% in the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock valued at $27,000 after buying an additional 82 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.