MicroStrategy Incorporated (NASDAQ:MSTR) Receives $595.67 Average Price Target from Analysts

Shares of MicroStrategy Incorporated (NASDAQ:MSTR – Get Rating) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $534.83.

Several equities analysts recently commented on MSTR shares. TheStreet downgraded shares of MicroStrategy from a “c-” rating to a “d+” rating in a research note on Monday, May 9th. Canaccord Genuity Group cut their price objective on shares of MicroStrategy from $540.00 to $453.00 in a research report on Wednesday, May 4th. Zacks Investment Research cut shares of MicroStrategy from a “hold” rating to a “strong sell” rating in a report on Saturday, April 30th. Jefferies Financial Group dropped their target price on shares of MicroStrategy from $225.00 to $215.00 in a report on Monday. Finally, StockNews.com raised shares of MicroStrategy to a “sell” rating in a report on Thursday.

In related news, EVP Timothy Edwin Lang acquired 2,500 shares of MicroStrategy stock in a transaction dated Wednesday, May 11th. The stock was bought at an average price of $200.00 per share, with a total value of $500,000.00. Following the transaction, the executive vice president now directly owns 2,708 shares in the company, valued at approximately $541,600. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leslie J. Rechan acquired 2,000 shares of MicroStrategy stock in a transaction dated Wednesday, May 11th. The shares were bought at an average cost of $204.42 per share, with a total value of $408,840.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $408,840. The disclosure for this purchase can be found here. Corporate insiders own 22.59% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC grew its position in MicroStrategy by 0.4% in the 3rd quarter. Voya Investment Management LLC now owns 4,390 shares of the software maker’s stock valued at $2,539,000 after purchasing an additional 16 shares during the period. IHT Wealth Management LLC lifted its stake in MicroStrategy by 7.9% during the 4th quarter. IHT Wealth Management LLC now owns 423 shares of the software maker’s stock valued at $230,000 after acquiring an additional 31 shares in the last quarter. Xponance Inc. lifted its stake in MicroStrategy by 8.7% during the 4th quarter. Xponance Inc. now owns 400 shares of the software maker’s stock valued at $218,000 after acquiring an additional 32 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its stake in MicroStrategy by 16.4% during the 1st quarter. Sterling Investment Advisors Ltd. now owns 248 shares of the software maker’s stock valued at $121,000 after acquiring an additional 35 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in MicroStrategy by 0.7% during the 4th quarter. D.A. Davidson & CO. now owns 6,233 shares of the software maker’s stock valued at $3,394,000 after acquiring an additional 42 shares in the last quarter. 52.87% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:MSTR traded up $16.33 on Friday, hitting $214.45. The company had a trading volume of 50,303 shares, compared to its average volume of 647,804. MicroStrategy has a 1-year low of $134.09 and a 1-year high of $891.38. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -3.92 and a beta of 1.72. The stock has a 50 day moving average price of $375.81 and a 200 day moving average price of $473.66. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.74.

MicroStrategy (NASDAQ:MSTR – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The software maker reported ($10.42) EPS for the quarter, missing the consensus estimate of $1.50 by ($11.92). MicroStrategy had a negative net margin of 109.68% and a negative return on equity of 30.40%. The company had revenue of $119.28 million during the quarter, compared to analyst estimates of $126.23 million. During the same quarter in the prior year, the firm earned $1.05 earnings per share. MicroStrategy’s revenue for the quarter was down 2.9% on a year-over-year basis. Sell-side analysts anticipate that MicroStrategy will post -11.76 earnings per share for the current fiscal year.

About MicroStrategy (Get Rating)

MicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security.

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