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

Shares of Marqeta, Inc. (NASDAQ:MQ) 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.

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:MQ) 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

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.