MicroStrategy (NASDAQ:MSTR) Trading Up 3.4% – Still a Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) rose 3.4% on Tuesday . The stock traded as high as $247.50 and last traded at $247.52. Approximately 6,829,460 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 18,821,187 shares. The stock had previously closed at $239.27.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSTR. Compass Point upgraded shares of MicroStrategy to a “strong-buy” rating in a research note on Wednesday, January 29th. BTIG Research upped their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Mizuho started coverage on MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 target price for the company. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a report on Friday, February 7th. They set an “outperform” rating and a $560.00 price target for the company. Finally, Canaccord Genuity Group dropped their price objective on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $536.90.

MicroStrategy Price Performance

The company has a 50-day moving average of $323.17 and a 200-day moving average of $280.08. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 0.71. The stock has a market cap of $67.75 billion, a price-to-earnings ratio of -46.74 and a beta of 3.36.

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

A number of large investors have recently bought and sold shares of the company. Amalgamated Bank increased its stake in shares of MicroStrategy by 862.3% during the third quarter. Amalgamated Bank now owns 8,372 shares of the software maker’s stock worth $1,412,000 after acquiring an additional 7,502 shares during the period. Principal Financial Group Inc. boosted its holdings in MicroStrategy by 781.4% in the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock valued at $7,837,000 after purchasing an additional 41,209 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its position in MicroStrategy by 900.0% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 2,000 shares of the software maker’s stock worth $337,000 after purchasing an additional 1,800 shares during the period. Sigma Planning Corp raised its stake in shares of MicroStrategy by 1,086.8% during the 3rd quarter. Sigma Planning Corp now owns 4,498 shares of the software maker’s stock worth $758,000 after buying an additional 4,119 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of MicroStrategy by 900.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 2,000 shares of the software maker’s stock valued at $337,000 after buying an additional 1,800 shares during the period. 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.