Strategy (NASDAQ:MSTR) Price Target Raised to $179.00

Strategy (NASDAQ:MSTR) had its price target increased by stock analysts at Canaccord Genuity Group from $175.00 to $179.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Canaccord Genuity Group’s price objective suggests a potential upside of 25.35% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Monness Crespi & Hardt reaffirmed a “neutral” rating on shares of Strategy in a research note on Tuesday, June 2nd. BTIG Research reissued a “buy” rating and issued a $250.00 target price on shares of Strategy in a report on Friday, July 31st. B Riley restated a “buy” rating on shares of Strategy in a research note on Thursday. Alliance Global Partners assumed coverage on shares of Strategy in a report on Tuesday, September 1st. They set a “buy” rating and a $217.00 price target on the stock. Finally, UBS Group reiterated a “buy” rating on shares of Strategy in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $236.65.

Strategy Stock Performance

Shares of MSTR stock opened at $142.80 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.39 and a quick ratio of 5.39. The company has a market cap of $54.87 billion, a price-to-earnings ratio of -1.47 and a beta of 3.59. Strategy has a 1 year low of $81.81 and a 1 year high of $365.21. The firm has a fifty day moving average price of $104.87 and a 200-day moving average price of $128.41.

Strategy (NASDAQ:MSTR) last announced its earnings results on Friday, July 31st. The software maker reported ($24.45) EPS for the quarter, missing analysts’ consensus estimates of ($2.19) by ($22.26). The company had revenue of $122.37 million during the quarter, compared to the consensus estimate of $122.90 million. Strategy had a negative return on equity of 74.18% and a negative net margin of 6,102.95%.Strategy’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $32.52 earnings per share. As a group, equities analysts predict that Strategy will post -23.74 earnings per share for the current year.

Insider Transactions at Strategy

In related news, CEO Phong Le acquired 11,000 shares of Strategy stock in a transaction on Monday, June 22nd. The shares were bought at an average cost of $90.80 per share, with a total value of $998,800.00. Following the completion of the purchase, the chief executive officer directly owned 11,000 shares of the company’s stock, valued at $998,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jarrod M. Patten sold 1,850 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $130.00, for a total value of $240,500.00. Following the sale, the director directly owned 28,406 shares in the company, valued at $3,692,780. The trade was a 6.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 13,950 shares of company stock worth $1,615,809. Insiders own 6.49% of the company’s stock.

Hedge Funds Weigh In On Strategy

Several large investors have recently modified their holdings of MSTR. Fideuram Asset Management Ireland dac bought a new stake in Strategy in the fourth quarter worth $25,000. Westfuller Advisors LLC bought a new position in Strategy during the first quarter valued at $25,000. Ancora Advisors LLC raised its stake in shares of Strategy by 111.7% in the second quarter. Ancora Advisors LLC now owns 290 shares of the software maker’s stock valued at $25,000 after acquiring an additional 153 shares during the period. Continuum Advisory LLC purchased a new stake in shares of Strategy in the second quarter valued at $26,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Strategy in the 2nd quarter worth about $28,000. Institutional investors own 59.84% of the company’s stock.

Key Stories Impacting Strategy

Here are the key news stories impacting Strategy this week:

• Positive Sentiment: Bitcoin exposure remains the main bullish catalyst. Bitcoin was trading near $80,000 as corporate demand and potential U.S. crypto-market regulation remained in focus. Strategy’s expanding Bitcoin holdings could benefit the company if prices rise. Bitcoin trades near $80,000 as corporate demand and US crypto policy stay in focus
• Positive Sentiment: A bullish analyst thesis is supporting the stock. One analyst argues Strategy could potentially nearly triple, contending that its Bitcoin holdings and capital-markets strategy may justify a substantially higher valuation despite the stock’s decline over the past year. Strategy Is Down More Than 50% in 12 Months. One Analyst Thinks the Stock Is About to Triple
• Neutral Sentiment: Short-position activity highlights extreme positioning. A leveraged trader’s Strategy short was described as losing money while Bitcoin-related trades moved against the position. This may encourage short covering, but it does not change Strategy’s underlying earnings or balance-sheet outlook. Trader Wins 26 Bets in a Row; Zcash and Strategy Shorts Are Bleeding
• Negative Sentiment: The latest Bitcoin purchase produced a negative market reaction. Strategy bought 4,603 Bitcoin for approximately $370 million, but its shares fell about 4.2% afterward. Investors may be concerned about the cost of funding continued purchases, valuation risk, and the stock’s dependence on Bitcoin’s volatile price. Strategy Stock Drops 4% Following $370M Bitcoin Purchase and Saylor’s BTC Commentary

About Strategy

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.

Founded in 1989 by Michael J.