MicroStrategy (NASDAQ:MSTR) Stock Price Up 0.8% - Time to Buy?

MicroStrategy Incorporated (NASDAQ:MSTR - Get Free Report)'s stock price traded up 0.8% during trading on Thursday . The company traded as high as $327.83 and last traded at $321.32. 4,378,763 shares traded hands during trading, a decline of 73% from the average session volume of 16,354,925 shares. The stock had previously closed at $318.67.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Sanford C. Bernstein reissued an "outperform" rating and set a $600.00 target price on shares of MicroStrategy in a research note on Thursday, December 12th. Cantor Fitzgerald boosted their target price on shares of MicroStrategy from $613.00 to $619.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods assumed coverage on shares of MicroStrategy in a research note on Friday, February 7th. They set an "outperform" rating and a $560.00 target price on the stock. TD Cowen boosted their target price on shares of MicroStrategy from $392.00 to $525.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Finally, Canaccord Genuity Group cut their target price 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. One analyst has rated the stock with a sell rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $536.90.

MicroStrategy Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $71.82 billion, a price-to-earnings ratio of -53.20 and a beta of 3.25. The stock's 50 day moving average price is $342.30 and its two-hundred day moving average price is $268.00.

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

Institutional Investors Weigh In On MicroStrategy

A number of large investors have recently bought and sold shares of MSTR. Riverview Trust Co bought a new stake in MicroStrategy in the fourth quarter worth $25,000. IAG Wealth Partners LLC bought a new stake in MicroStrategy in the fourth quarter worth $25,000. Quadrant Capital Group LLC boosted its holdings in MicroStrategy by 855.6% in the fourth quarter. Quadrant Capital Group LLC now owns 86 shares of the software maker's stock worth $25,000 after purchasing an additional 77 shares in the last quarter. Dunhill Financial LLC bought a new stake in MicroStrategy in the fourth quarter worth $26,000. Finally, Capital Performance Advisors LLP bought a new stake in MicroStrategy in the third quarter worth $27,000. 59.84% of the stock is currently owned by institutional investors.

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.