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

Analysts at Monness Crespi & Hardt initiated coverage on shares of MicroStrategy (NASDAQ:MSTR - Get Free Report) in a research note issued to investors on Wednesday, Marketbeat reports. The firm set a "neutral" rating on the software maker's stock.

MSTR has been the subject of a number of other research reports. Barclays reduced their price objective on MicroStrategy from $515.00 to $421.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Benchmark restated a "buy" rating and issued a $650.00 price target on shares of MicroStrategy in a research note on Tuesday, January 14th. Mizuho started coverage on MicroStrategy in a research note on Wednesday, January 29th. They issued an "outperform" rating and a $515.00 price target for the company. Keefe, Bruyette & Woods started coverage on MicroStrategy in a research note on Friday, February 7th. They issued an "outperform" rating and a $560.00 price target for the company. Finally, Maxim Group lifted their price target on MicroStrategy from $480.00 to $500.00 and gave the company a "buy" rating in a research note 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 company. According to data from MarketBeat.com, MicroStrategy presently has a consensus rating of "Buy" and a consensus target price of $536.90.

MicroStrategy Stock Performance

Shares of NASDAQ MSTR traded up $1.93 during trading on Wednesday, reaching $304.00. 21,733,655 shares of the company traded hands, compared to its average volume of 18,038,230. The firm's fifty day simple moving average is $317.11 and its 200 day simple moving average is $286.69. The stock has a market cap of $78.24 billion, a P/E ratio of -53.97 and a beta of 3.36. MicroStrategy has a 12-month low of $101.00 and a 12-month high of $543.00. 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 released its quarterly earnings data 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 Investors Weigh In On MicroStrategy

Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in MicroStrategy by 855.6% during the 4th quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after buying an additional 77 shares in the last quarter. Riverview Trust Co acquired a new position in shares of MicroStrategy during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth approximately $25,000. Dunhill Financial LLC acquired a new position in shares of MicroStrategy during the 4th quarter worth approximately $26,000. Finally, Safe Harbor Fiduciary LLC boosted its holdings in shares of MicroStrategy by 820.0% during the 4th quarter. Safe Harbor Fiduciary LLC now owns 92 shares of the software maker's stock worth $27,000 after purchasing an additional 82 shares during the last quarter. 59.84% of the stock is currently 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.