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