Marqeta, Inc. (NASDAQ:MQ) Given Consensus Rating of “Moderate Buy” by Analysts

Marqeta, Inc. (NASDAQ:MQGet Free Report) has received a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $7.11.

Several equities research analysts have recently commented on MQ shares. Susquehanna reiterated a “positive” rating and set a $9.00 price target on shares of Marqeta in a research report on Tuesday, August 6th. The Goldman Sachs Group reiterated a “neutral” rating and set a $5.50 target price on shares of Marqeta in a research report on Monday, June 24th. Wells Fargo & Company upgraded Marqeta from an “equal weight” rating to an “overweight” rating and set a $7.00 price target on the stock in a research report on Tuesday, June 25th. JPMorgan Chase & Co. cut their target price on Marqeta from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group decreased their target price on Marqeta from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th.

View Our Latest Research Report on Marqeta

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in Marqeta in the fourth quarter valued at $194,000. Vanguard Group Inc. lifted its stake in Marqeta by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 45,793,157 shares of the company’s stock valued at $319,636,000 after purchasing an additional 1,592,977 shares during the last quarter. Sanders Morris Harris LLC bought a new position in Marqeta during the first quarter worth about $328,000. Allspring Global Investments Holdings LLC increased its position in Marqeta by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 47,222 shares of the company’s stock worth $281,000 after buying an additional 3,979 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in Marqeta in the first quarter valued at approximately $65,000. 78.64% of the stock is currently owned by institutional investors.

Marqeta Stock Performance

Shares of NASDAQ:MQ opened at $5.15 on Friday. The business has a fifty day moving average of $5.11 and a 200-day moving average of $5.33. Marqeta has a twelve month low of $4.40 and a twelve month high of $7.36. The firm has a market cap of $2.67 billion, a PE ratio of -14.31 and a beta of 1.77.

Marqeta (NASDAQ:MQGet Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. Marqeta had a negative net margin of 2.62% and a positive return on equity of 0.51%. The business had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $121.87 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. Marqeta’s revenue was down 45.8% compared to the same quarter last year. On average, analysts anticipate that Marqeta will post 0.06 EPS for the current fiscal year.

Marqeta Company Profile

(Get Free Report

Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services. It offers its solutions in various verticals, including financial services, on-demand services, expense management, and e-commerce enablement, as well as buy now, pay later.

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Analyst Recommendations for Marqeta (NASDAQ:MQ)

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