Marqeta, Inc. (NASDAQ:MQ – Get 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
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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:MQ – Get 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
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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