Marqeta, Inc. (NASDAQ:MQ) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Marqeta, Inc. (NASDAQ:MQGet Free Report) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.33.

A number of equities research analysts have weighed in on MQ shares. Barclays reaffirmed an “equal weight” rating and set a $4.00 target price (down from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods decreased their price objective on Marqeta from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their price target on Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Finally, The Goldman Sachs Group increased their target price on Marqeta from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, February 27th.

Read Our Latest Stock Analysis on MQ

Institutional Trading of Marqeta

Hedge funds have recently modified their holdings of the stock. Palogic Value Management L.P. raised its stake in Marqeta by 45.5% in the fourth quarter. Palogic Value Management L.P. now owns 400,000 shares of the company’s stock valued at $1,516,000 after buying an additional 125,000 shares in the last quarter. Cache Advisors LLC purchased a new position in shares of Marqeta during the fourth quarter worth about $129,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Marqeta by 18.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 860,234 shares of the company’s stock valued at $3,260,000 after purchasing an additional 133,188 shares in the last quarter. Wexford Capital LP acquired a new stake in shares of Marqeta during the 4th quarter valued at approximately $94,000. Finally, Two Sigma Advisers LP lifted its position in shares of Marqeta by 30.6% during the 4th quarter. Two Sigma Advisers LP now owns 5,071,400 shares of the company’s stock valued at $19,221,000 after acquiring an additional 1,188,100 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Marqeta Trading Up 2.5 %

NASDAQ:MQ opened at $4.10 on Monday. The stock has a market capitalization of $2.07 billion, a P/E ratio of 205.00 and a beta of 1.49. The stock has a 50-day moving average price of $3.84 and a 200 day moving average price of $4.28. Marqeta has a 12-month low of $3.37 and a 12-month high of $6.44.

Marqeta (NASDAQ:MQGet Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.05. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business had revenue of $135.79 million during the quarter, compared to analysts’ expectations of $132.71 million. On average, research analysts predict that Marqeta will post 0.06 earnings per share 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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