MicroStrategy (NASDAQ:MSTR) Now Covered by Analysts at Monness Crespi & Hardt

Monness Crespi & Hardt initiated coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a “neutral” rating on the software maker’s stock.

MSTR has been the subject of several other research reports. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. BTIG Research upped their price target on MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods initiated coverage on MicroStrategy in a research report on Friday, February 7th. They issued an “outperform” rating and a $560.00 price objective on the stock. Finally, Mizuho initiated coverage on MicroStrategy in a research report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $536.90.

MicroStrategy Trading Down 0.7 %

Shares of MicroStrategy stock opened at $302.07 on Wednesday. The stock has a fifty day simple moving average of $317.59 and a 200 day simple moving average of $285.50. MicroStrategy has a 12-month low of $101.00 and a 12-month high of $543.00. The company has a market capitalization of $77.74 billion, a P/E ratio of -53.63 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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 return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MSTR. Principal Financial Group Inc. lifted its position in shares of MicroStrategy by 781.4% during the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock valued at $7,837,000 after buying an additional 41,209 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of MicroStrategy during the 3rd quarter valued at $261,000. Victory Capital Management Inc. lifted its position in shares of MicroStrategy by 894.7% during the 3rd quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock valued at $9,750,000 after buying an additional 52,016 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of MicroStrategy during the 3rd quarter valued at $238,000. Finally, CIBC Asset Management Inc lifted its position in shares of MicroStrategy by 935.8% during the 3rd quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker’s stock valued at $732,000 after buying an additional 3,921 shares during the last quarter. Hedge funds and other institutional investors own 59.84% 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.