Marqeta, Inc. (NASDAQ:MQ - Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 17,880,000 shares, a growth of 38.4% from the May 15th total of 12,920,000 shares. Based on an average daily volume of 8,100,000 shares, the short-interest ratio is currently 2.2 days. Currently, 4.7% of the shares of the company are sold short.
Marqeta Trading Down 1.0%
MQ traded down $0.06 during trading on Friday, hitting $5.46. 4,082,964 shares of the company traded hands, compared to its average volume of 6,998,024. The company has a market cap of $2.55 billion, a PE ratio of 54.55 and a beta of 1.53. The stock's 50-day simple moving average is $4.74 and its two-hundred day simple moving average is $4.19. Marqeta has a 1 year low of $3.37 and a 1 year high of $6.00.
Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. Marqeta had a return on equity of 5.11% and a net margin of 10.43%. The business had revenue of $139.07 million for the quarter, compared to the consensus estimate of $135.66 million. During the same quarter in the previous year, the company posted ($0.07) EPS. The company's revenue was up 17.9% compared to the same quarter last year. Equities analysts expect that Marqeta will post 0.06 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have issued reports on MQ. UBS Group boosted their price target on Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Keefe, Bruyette & Woods lifted their price objective on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a research report on Thursday, May 8th. The Goldman Sachs Group cut their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded shares of Marqeta from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $5.00 to $6.00 in a research note on Monday, May 19th. Finally, Barclays upped their price target 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. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Marqeta has an average rating of "Hold" and an average target price of $5.18.
Check Out Our Latest Stock Report on Marqeta
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MQ. Price T Rowe Associates Inc. MD increased its stake in shares of Marqeta by 126.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,097,173 shares of the company's stock valued at $169,322,000 after buying an additional 22,928,070 shares during the period. T. Rowe Price Investment Management Inc. bought a new position in Marqeta during the 4th quarter worth about $72,879,000. RPD Fund Management LLC purchased a new position in Marqeta during the 4th quarter valued at about $37,289,000. Wellington Management Group LLP bought a new stake in shares of Marqeta in the 4th quarter valued at about $19,717,000. Finally, North Reef Capital Management LP lifted its position in shares of Marqeta by 99.7% in the 4th quarter. North Reef Capital Management LP now owns 7,786,999 shares of the company's stock worth $29,513,000 after purchasing an additional 3,886,999 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.
About Marqeta
(
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.
See Also
Before you consider Marqeta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marqeta wasn't on the list.
While Marqeta currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
