MicroStrategy (NASDAQ:MSTR) Trading Up 1.2% – Should You Buy?

Shares of MicroStrategy Incorporated (NASDAQ:MSTR) traded up 1.2% on Thursday . The stock traded as high as $320.94 and last traded at $312.10. 11,180,484 shares changed hands during trading, a decline of 41% from the average session volume of 18,902,971 shares. The stock had previously closed at $308.55.

Wall Street Analyst Weigh In

A number of research firms recently commented on MSTR. Canaccord Genuity Group dropped their target price on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Mizuho began coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Barclays decreased their target price on MicroStrategy from $515.00 to $421.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price objective on shares of MicroStrategy in a research note on Thursday, December 12th. Finally, Cantor Fitzgerald raised their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, MicroStrategy has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Stock Performance

The firm has a fifty day moving average of $328.15 and a 200-day moving average of $275.23. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $78.50 billion, a price-to-earnings ratio of -54.14 and a beta of 3.25.

MicroStrategy (NASDAQ:MSTR) last released its quarterly earnings data on Wednesday, February 5th. The software maker reported ($3.20) 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

Hedge funds have recently modified their holdings of the business. Riverview Trust Co acquired a new stake in MicroStrategy during the 4th quarter valued at $25,000. IAG Wealth Partners LLC acquired a new stake in shares of MicroStrategy during the fourth quarter valued at $25,000. Quadrant Capital Group LLC increased its position in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Dunhill Financial LLC acquired a new position in MicroStrategy in the 4th quarter valued at about $26,000. Finally, Capital Performance Advisors LLP acquired a new position in MicroStrategy in the 3rd quarter valued at about $27,000. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.