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

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) have earned an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $536.90.

MSTR has been the subject of several research analyst reports. Barclays decreased their price objective on shares of MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Maxim Group upped their target price on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $650.00 price target on shares of MicroStrategy in a report on Tuesday, January 14th. Keefe, Bruyette & Woods began coverage on MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target on the stock. Finally, Cantor Fitzgerald raised 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.

Institutional Investors Weigh In On MicroStrategy

A number of hedge funds have recently added to or reduced their stakes in MSTR. Allspring Global Investments Holdings LLC lifted its position in MicroStrategy by 820.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 359 shares of the software maker’s stock valued at $61,000 after purchasing an additional 320 shares during the period. Whittier Trust Co. lifted its position in MicroStrategy by 921.6% in the third quarter. Whittier Trust Co. now owns 1,890 shares of the software maker’s stock valued at $319,000 after purchasing an additional 1,705 shares during the period. Calton & Associates Inc. acquired a new stake in shares of MicroStrategy during the 3rd quarter valued at approximately $280,000. Sequoia Financial Advisors LLC lifted its position in shares of MicroStrategy by 1,537.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,846 shares of the software maker’s stock valued at $817,000 after acquiring an additional 4,550 shares during the period. Finally, Signaturefd LLC lifted its position in shares of MicroStrategy by 1,154.0% during the 3rd quarter. Signaturefd LLC now owns 627 shares of the software maker’s stock valued at $106,000 after acquiring an additional 577 shares during the period. Institutional investors and hedge funds own 59.84% of the company’s stock.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $299.69 on Thursday. 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 has a 12 month low of $67.81 and a 12 month high of $543.00. The company has a market cap of $71.82 billion, a P/E ratio of -53.20 and a beta of 3.25. The firm has a fifty day moving average price of $342.30 and a 200 day moving average price of $268.00.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data 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%.

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.