MicroStrategy (NASDAQ:MSTR) Now Covered by Monness Crespi & Hardt

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

MSTR has been the subject of a number of other reports. Maxim Group raised their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. TD Cowen raised their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Benchmark reiterated a “buy” rating and issued a $650.00 price objective on shares of MicroStrategy in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research report on Friday, February 7th. They set an “outperform” rating and a $560.00 target price for the company. Finally, Cantor Fitzgerald raised their price target on MicroStrategy from $613.00 to $619.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MicroStrategy presently has an average rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Trading Up 7.4 %

Shares of MSTR stock opened at $304.23 on Wednesday. The stock has a market capitalization of $78.29 billion, a price-to-earnings ratio of -54.01 and a beta of 3.36. The company’s fifty day simple moving average is $318.18 and its two-hundred day simple moving average is $285.38. MicroStrategy has a 1 year low of $101.00 and a 1 year high of $543.00. 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 issued its quarterly earnings data 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 return on equity of 19.01% and a negative net margin of 251.73%.

Hedge Funds Weigh In On MicroStrategy

A number of large investors have recently modified their holdings of the company. Riverview Trust Co bought a new position in MicroStrategy during the fourth quarter valued at approximately $25,000. IAG Wealth Partners LLC purchased a new stake in shares of MicroStrategy in the 4th quarter valued at $25,000. Quadrant Capital Group LLC grew its holdings in shares of MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker’s stock valued at $25,000 after purchasing an additional 77 shares during the last quarter. Dunhill Financial LLC purchased a new position in MicroStrategy in the 4th quarter worth $26,000. Finally, Sunbelt Securities Inc. lifted its stake in MicroStrategy by 900.0% in the third quarter. Sunbelt Securities Inc. now owns 160 shares of the software maker’s stock worth $27,000 after purchasing an additional 144 shares during the last quarter. 59.84% of the stock is owned by hedge funds and other institutional investors.

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.