Monness Crespi & Hardt Begins Coverage on MicroStrategy (NASDAQ:MSTR)

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

A number of other equities analysts have also commented on the company. Maxim Group lifted their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Canaccord Genuity Group cut their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Benchmark reaffirmed a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho started coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective on the stock. Finally, Cantor Fitzgerald lifted their price objective on MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. One equities 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $302.07 on Wednesday. The business’s 50-day moving average price is $317.59 and its 200-day moving average price is $285.50. MicroStrategy has a 12 month low of $101.00 and a 12 month high of $543.00. The firm has a market capitalization of $77.74 billion, a price-to-earnings 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) 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%.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its holdings in shares of MicroStrategy by 855.6% during the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after acquiring an additional 77 shares in the last quarter. Riverview Trust Co bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in shares of MicroStrategy during the fourth quarter valued at approximately $26,000. Finally, Safe Harbor Fiduciary LLC increased its holdings in shares of MicroStrategy by 820.0% during the fourth quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker’s stock valued at $27,000 after acquiring an additional 82 shares in the last quarter. 59.84% of the stock is owned by institutional investors and hedge funds.

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.