MicroStrategy (NASDAQ:MSTR) Trading 0.7% Higher - Should You Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded up 0.7% during mid-day trading on Thursday . The company traded as high as $309.40 and last traded at $306.46. 4,924,556 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 18,105,705 shares. The stock had previously closed at $304.23.

Analyst Ratings Changes

A number of research firms recently weighed in on MSTR. Cantor Fitzgerald lifted their price objective on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $600.00 target price on shares of MicroStrategy in a report on Thursday, December 12th. Canaccord Genuity Group dropped their price target on shares of MicroStrategy from $510.00 to $409.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Compass Point upgraded shares of MicroStrategy to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Monness Crespi & Hardt began coverage on MicroStrategy in a report on Wednesday. They issued a "neutral" rating on the stock. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MicroStrategy has an average rating of "Buy" and a consensus target price of $536.90.

MicroStrategy Stock Up 0.6 %

The firm has a 50 day moving average of $317.11 and a two-hundred day moving average of $287.84. The stock has a market capitalization of $78.24 billion, a PE ratio of -53.97 and a beta of 3.36. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

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MicroStrategy (NASDAQ:MSTR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The software maker reported ($3.20) earnings per share 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%.

Institutional Trading of MicroStrategy

Institutional investors and hedge funds have recently modified their holdings of the business. National Bank of Canada FI lifted its stake in MicroStrategy by 746.2% in the 3rd quarter. National Bank of Canada FI now owns 20,647 shares of the software maker's stock valued at $3,481,000 after buying an additional 18,207 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of MicroStrategy in the fourth quarter valued at $81,783,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of MicroStrategy during the third quarter valued at $254,000. Clarity Capital Partners LLC increased its position in MicroStrategy by 122.3% during the 4th quarter. Clarity Capital Partners LLC now owns 25,115 shares of the software maker's stock worth $7,274,000 after purchasing an additional 13,817 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in MicroStrategy by 979.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,727 shares of the software maker's stock valued at $1,134,000 after purchasing an additional 6,104 shares during the last quarter. Hedge funds and other institutional investors own 59.84% of the company's stock.

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.