Marqeta (NASDAQ:MQ) PT Raised to $5.00 at Morgan Stanley

Marqeta (NASDAQ:MQ) had its price target lifted by stock analysts at Morgan Stanley from $4.50 to $5.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential downside of 15.25% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Barclays upped their target price on shares of Marqeta from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Monday, August 14th. Mizuho upped their target price on shares of Marqeta from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, August 24th. Susquehanna started coverage on shares of Marqeta in a research note on Wednesday, November 8th. They set a “positive” rating and a $9.00 price target on the stock. UBS Group reiterated a “buy” rating and set a $7.50 price target on shares of Marqeta in a research note on Friday, October 20th. Finally, William Blair reiterated an “outperform” rating on shares of Marqeta in a research note on Wednesday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.58.

Marqeta Trading Up 0.5 %

Shares of MQ stock opened at $5.90 on Thursday. The company’s 50-day moving average price is $5.78 and its 200-day moving average price is $5.35. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -15.13 and a beta of 1.72. Marqeta has a twelve month low of $3.46 and a twelve month high of $7.51.

Hedge Funds Weigh In On Marqeta

Several hedge funds have recently added to or reduced their stakes in the stock. Aigen Investment Management LP boosted its holdings in shares of Marqeta by 6.7% in the third quarter. Aigen Investment Management LP now owns 28,095 shares of the company’s stock valued at $168,000 after acquiring an additional 1,763 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Marqeta by 39.6% in the second quarter. Captrust Financial Advisors now owns 6,686 shares of the company’s stock valued at $54,000 after acquiring an additional 1,896 shares during the period. Arizona State Retirement System boosted its holdings in shares of Marqeta by 1.8% in the third quarter. Arizona State Retirement System now owns 110,657 shares of the company’s stock valued at $662,000 after acquiring an additional 1,957 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of Marqeta by 14.9% in the third quarter. Vontobel Holding Ltd. now owns 17,700 shares of the company’s stock valued at $106,000 after acquiring an additional 2,300 shares during the period. Finally, Amalgamated Bank lifted its holdings in shares of Marqeta by 4.9% during the third quarter. Amalgamated Bank now owns 51,433 shares of the company’s stock worth $308,000 after purchasing an additional 2,395 shares during the period. 58.10% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Company Profile

Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, financial technology, embedded finance solutions, and large financial institution.