MicroStrategy (NASDAQ:MSTR) Coverage Initiated at Monness Crespi & Hardt

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

MSTR has been the topic of a number of other research reports. Canaccord Genuity Group reduced their price target on MicroStrategy from $510.00 to $409.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. TD Cowen upped their target price on MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 25th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $600.00 price target on shares of MicroStrategy in a report on Thursday, December 12th. Mizuho started coverage on shares of MicroStrategy in a report on Wednesday, January 29th. They issued an “outperform” rating and a $515.00 price objective for the company. Finally, BTIG Research lifted their target price on shares of MicroStrategy from $290.00 to $570.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MicroStrategy currently has a consensus rating of “Buy” and a consensus price target of $536.90.

MicroStrategy Stock Up 7.4 %

Shares of MicroStrategy stock opened at $304.23 on Wednesday. The company’s 50 day moving average price is $318.18 and its 200-day moving average price is $285.38. MicroStrategy has a 52-week low of $101.00 and a 52-week high of $543.00. 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 capitalization of $78.29 billion, a price-to-earnings ratio of -54.01 and a beta of 3.36.

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 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 institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in shares of MicroStrategy by 781.4% in the 3rd quarter. Principal Financial Group Inc. now owns 46,483 shares of the software maker’s stock worth $7,837,000 after purchasing an additional 41,209 shares in the last quarter. GSA Capital Partners LLP bought a new stake in MicroStrategy in the third quarter worth $261,000. Victory Capital Management Inc. grew its stake in shares of MicroStrategy by 894.7% in the third quarter. Victory Capital Management Inc. now owns 57,830 shares of the software maker’s stock worth $9,750,000 after acquiring an additional 52,016 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of MicroStrategy during the third quarter valued at $238,000. Finally, CIBC Asset Management Inc raised its position in shares of MicroStrategy by 935.8% in the 3rd quarter. CIBC Asset Management Inc now owns 4,340 shares of the software maker’s stock worth $732,000 after purchasing an additional 3,921 shares during the last quarter. 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.