Maxim Group Increases MicroStrategy (NASDAQ:MSTR) Price Target to $1,930.00

MicroStrategy (NASDAQ:MSTR) had its price target upped by analysts at Maxim Group from $1,835.00 to $1,930.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the software maker’s stock. Maxim Group’s price target would indicate a potential upside of 33.45% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Benchmark increased their price objective on MicroStrategy from $1,875.00 to $2,150.00 and gave the stock a “buy” rating in a report on Friday. Canaccord Genuity Group cut their price target on shares of MicroStrategy from $2,047.00 to $1,826.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. TD Cowen raised their price objective on MicroStrategy from $1,450.00 to $1,880.00 and gave the company a “buy” rating in a report on Friday, June 21st. Sanford C. Bernstein raised MicroStrategy to a “strong-buy” rating in a research report on Friday, June 14th. Finally, BTIG Research boosted their price target on MicroStrategy from $780.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2,079.33.

MicroStrategy Price Performance

NASDAQ:MSTR traded down $65.60 during mid-day trading on Friday, reaching $1,446.21. 1,031,389 shares of the company were exchanged, compared to its average volume of 1,766,816. MicroStrategy has a 12 month low of $307.11 and a 12 month high of $1,999.99. The stock has a market cap of $25.66 billion, a PE ratio of -216.95 and a beta of 3.11. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.48. The company has a fifty day moving average of $1,533.98 and a 200 day moving average of $1,274.06.

MicroStrategy shares are scheduled to split on Thursday, August 8th. The 10-1 split was announced on Thursday, August 8th. The newly minted shares will be issued to shareholders after the market closes on Thursday, August 8th.

MicroStrategy (NASDAQ:MSTR) last released its earnings results on Monday, April 29th. The software maker reported ($8.26) earnings per share (EPS) for the quarter. MicroStrategy had a negative net margin of 17.40% and a negative return on equity of 8.37%. The business had revenue of $115.25 million for the quarter, compared to analyst estimates of $124.80 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System grew its stake in MicroStrategy by 8.3% during the fourth quarter. Arizona State Retirement System now owns 3,389 shares of the software maker’s stock worth $2,141,000 after buying an additional 259 shares in the last quarter. Private Trust Co. NA acquired a new position in MicroStrategy in the 4th quarter worth about $75,000. International Assets Investment Management LLC bought a new position in MicroStrategy in the fourth quarter valued at about $12,367,000. Stratos Wealth Advisors LLC boosted its stake in shares of MicroStrategy by 14.3% during the fourth quarter. Stratos Wealth Advisors LLC now owns 893 shares of the software maker’s stock valued at $564,000 after purchasing an additional 112 shares in the last quarter. Finally, Bleakley Financial Group LLC bought a new stake in shares of MicroStrategy during the fourth quarter worth about $269,000. Institutional investors and hedge funds own 72.03% 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.