Marqeta, Inc. (NASDAQ:MQ) Given Consensus Rating of "Hold" by Analysts

Shares of Marqeta, Inc. (NASDAQ:MQ - Get Free Report) have earned an average recommendation of "Hold" from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $5.18.

A number of brokerages have recently issued reports on MQ. Keefe, Bruyette & Woods upped their price target on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a report on Thursday, May 8th. UBS Group upped their target price on shares of Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised shares of Marqeta from a "neutral" rating to an "overweight" rating and raised their price target for the company from $5.00 to $6.00 in a report on Monday, May 19th. Barclays lifted their price target on shares of Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, The Goldman Sachs Group lowered their price objective on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd.

Marqeta Trading Up 0.7%

NASDAQ:MQ traded up $0.04 on Wednesday, reaching $5.88. 19,747,885 shares of the stock traded hands, compared to its average volume of 6,230,411. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 58.80 and a beta of 1.53. Marqeta has a 12 month low of $3.37 and a 12 month high of $6.00. The company's fifty day simple moving average is $4.96 and its 200 day simple moving average is $4.27.

Marqeta (NASDAQ:MQ - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The company had revenue of $139.07 million during the quarter, compared to the consensus estimate of $135.66 million. Marqeta had a net margin of 10.43% and a return on equity of 5.11%. The firm's quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.07) earnings per share. Equities analysts anticipate that Marqeta will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Marqeta

A number of hedge funds have recently modified their holdings of MQ. Headlands Technologies LLC purchased a new position in Marqeta during the fourth quarter valued at $33,000. Blueshift Asset Management LLC bought a new position in shares of Marqeta in the fourth quarter worth about $38,000. Covestor Ltd raised its stake in shares of Marqeta by 1,255.4% in the fourth quarter. Covestor Ltd now owns 10,030 shares of the company's stock worth $38,000 after buying an additional 9,290 shares during the period. Bank of Montreal Can lifted its position in shares of Marqeta by 125.6% during the 4th quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock valued at $38,000 after buying an additional 49,243 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in shares of Marqeta during the 4th quarter valued at about $41,000. Institutional investors own 78.64% of the company's stock.

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.