Brokerages Set Marqeta, Inc. (NASDAQ:MQ) Target Price at $5.18

Shares of Marqeta, Inc. (NASDAQ:MQ - Get Free Report) have been given an average rating of "Hold" by the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.18.

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

Institutional Investors Weigh In On Marqeta

Institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in Marqeta during the fourth quarter worth about $33,000. Covestor Ltd lifted its position in Marqeta by 1,255.4% during the fourth quarter. Covestor Ltd now owns 10,030 shares of the company's stock worth $38,000 after purchasing an additional 9,290 shares during the period. Bank of Montreal Can lifted its position in Marqeta by 125.6% during the fourth quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock worth $38,000 after purchasing an additional 49,243 shares during the period. Blueshift Asset Management LLC bought a new stake in Marqeta during the fourth quarter worth about $38,000. Finally, Alpine Global Management LLC bought a new stake in Marqeta during the first quarter worth about $42,000. Institutional investors own 78.64% of the company's stock.

Marqeta Stock Performance

MQ traded down $0.14 during trading on Friday, reaching $5.24. 5,810,877 shares of the stock were exchanged, compared to its average volume of 6,125,463. The stock has a market cap of $2.45 billion, a P/E ratio of 262.00 and a beta of 1.41. Marqeta has a twelve month low of $3.37 and a twelve month high of $6.00. The stock's 50 day moving average price is $4.33 and its two-hundred day moving average price is $4.05.

Marqeta (NASDAQ:MQ - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The business had revenue of $139.07 million for the quarter, compared to the consensus estimate of $135.66 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. Equities 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.