MicroStrategy (NASDAQ:MSTR) Trading 7.4% Higher – Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR) traded up 7.4% during mid-day trading on Friday . The company traded as high as $283.80 and last traded at $282.75. 6,174,477 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 18,563,012 shares. The stock had previously closed at $263.26.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Maxim Group boosted their price objective on shares of MicroStrategy from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 6th. BTIG Research upped their price target on shares of MicroStrategy from $290.00 to $570.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods started 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, Cantor Fitzgerald upped their price target on shares of MicroStrategy from $613.00 to $619.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. One investment 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $536.90.

MicroStrategy Stock Performance

The firm has a market cap of $76.56 billion, a P/E ratio of -52.81 and a beta of 3.36. 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 company’s 50 day moving average is $321.59 and its 200 day moving average is $281.99.

MicroStrategy (NASDAQ:MSTR) last announced its quarterly earnings results 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%.

Hedge Funds Weigh In On MicroStrategy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System increased its position in MicroStrategy by 0.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 8,991 shares of the software maker’s stock valued at $2,604,000 after acquiring an additional 30 shares during the period. Family Management Corp increased its position in MicroStrategy by 2.2% in the 4th quarter. Family Management Corp now owns 1,370 shares of the software maker’s stock valued at $397,000 after acquiring an additional 30 shares during the period. GPS Wealth Strategies Group LLC increased its position in MicroStrategy by 3.2% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 1,120 shares of the software maker’s stock valued at $324,000 after acquiring an additional 35 shares during the period. Oder Investment Management LLC increased its position in shares of MicroStrategy by 3.1% during the fourth quarter. Oder Investment Management LLC now owns 1,268 shares of the software maker’s stock worth $367,000 after buying an additional 38 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of MicroStrategy by 38.2% during the fourth quarter. Versant Capital Management Inc now owns 141 shares of the software maker’s stock worth $41,000 after buying an additional 39 shares during the period. 59.84% of the stock is currently owned by institutional investors and hedge funds.

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.