Monness Crespi & Hardt Initiates Coverage on MicroStrategy (NASDAQ:MSTR)

Monness Crespi & Hardt started coverage on shares of MicroStrategy (NASDAQ:MSTR) in a research report issued to clients and investors on Wednesday,Briefing.com Automated Import reports. The firm set a “neutral” rating on the software maker’s stock.

A number of other research firms have also weighed in on MSTR. Benchmark reaffirmed a “buy” rating and set a $650.00 target price on shares of MicroStrategy in a report on Tuesday, January 14th. Canaccord Genuity Group reduced their price objective on shares of MicroStrategy from $510.00 to $409.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Keefe, Bruyette & Woods initiated coverage on shares of MicroStrategy in a research note on Friday, February 7th. They issued an “outperform” rating and a $560.00 target price on the stock. TD Cowen boosted their price target on shares of MicroStrategy from $392.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Finally, Maxim Group increased their price objective on MicroStrategy from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. One equities 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 stock. According to MarketBeat.com, MicroStrategy currently has an average rating of “Buy” and an average target price of $536.90.

MicroStrategy Stock Performance

Shares of MSTR stock opened at $283.19 on Wednesday. The firm’s 50 day moving average is $318.73 and its 200 day moving average is $285.25. The stock has a market capitalization of $72.88 billion, a P/E ratio of -50.27 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.

MicroStrategy (NASDAQ:MSTR) last posted its 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 return on equity of 19.01% and a negative net margin of 251.73%.

Institutional Investors Weigh In On MicroStrategy

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