Analysts Set MicroStrategy Incorporated (NASDAQ:MSTR) Price Target at $536.90

MicroStrategy Incorporated (NASDAQ:MSTR) has been given an average recommendation of “Buy” by the eleven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $536.90.

Several brokerages recently weighed in on MSTR. Maxim Group lifted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a research report on Tuesday, January 14th. Mizuho began coverage on MicroStrategy in a research report on Wednesday, January 29th. They set an “outperform” rating and a $515.00 price target on the stock. Cantor Fitzgerald upped their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Finally, TD Cowen upped their price target on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th.

MicroStrategy Trading Up 0.6 %

Shares of MicroStrategy stock opened at $304.00 on Monday. MicroStrategy has a 1 year low of $101.00 and a 1 year high of $543.00. The firm has a market cap of $78.24 billion, a PE ratio of -53.97 and a beta of 3.36. The stock has a fifty day moving average price of $317.11 and a 200-day moving average price of $286.69. 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 data on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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 Trading of MicroStrategy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Objective Capital Management LLC purchased a new stake in MicroStrategy in the fourth quarter worth approximately $222,000. 111 Capital purchased a new stake in MicroStrategy in the fourth quarter worth approximately $907,000. NorthCrest Asset Manangement LLC purchased a new stake in MicroStrategy in the fourth quarter worth approximately $354,000. Northstar Financial Companies Inc. purchased a new stake in MicroStrategy in the fourth quarter worth approximately $217,000. Finally, Centaurus Financial Inc. boosted its stake in MicroStrategy by 146.0% in the fourth quarter. Centaurus Financial Inc. now owns 4,998 shares of the software maker’s stock worth $1,448,000 after buying an additional 2,966 shares in the last quarter. Hedge funds and other 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.