Marqeta, Inc. (NASDAQ:MQ) Given Consensus Rating of "Moderate Buy" by Brokerages

Marqeta, Inc. (NASDAQ:MQ - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.58.

Several equities analysts have recently weighed in on MQ shares. KeyCorp upped their price objective on shares of Marqeta from $7.00 to $8.00 and gave the company an "overweight" rating in a report on Monday, January 8th. Truist Financial reissued a "buy" rating and set a $10.00 target price (up from $9.00) on shares of Marqeta in a research report on Thursday, February 29th. Barclays boosted their target price on shares of Marqeta from $7.00 to $8.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 16th. Bank of America raised shares of Marqeta from a "neutral" rating to a "buy" rating and set a $7.00 target price for the company in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Marqeta from $7.00 to $8.00 and gave the stock a "market perform" rating in a research report on Friday, March 1st.

Institutional Trading of Marqeta

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Marqeta by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 45,793,157 shares of the company's stock worth $319,636,000 after purchasing an additional 1,592,977 shares in the last quarter. Virtu Financial LLC purchased a new stake in Marqeta in the 4th quarter worth approximately $194,000. Bullseye Asset Management LLC lifted its stake in Marqeta by 12.8% in the 4th quarter. Bullseye Asset Management LLC now owns 220,790 shares of the company's stock worth $1,541,000 after purchasing an additional 25,000 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Marqeta by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 270,683 shares of the company's stock worth $1,890,000 after purchasing an additional 19,849 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its stake in Marqeta by 931.5% in the 4th quarter. GSA Capital Partners LLP now owns 252,193 shares of the company's stock worth $1,760,000 after purchasing an additional 227,745 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Trading Down 4.2 %

MQ stock traded down $0.25 during midday trading on Monday, hitting $5.71. The stock had a trading volume of 4,208,577 shares, compared to its average volume of 5,298,561. The firm has a market cap of $2.93 billion, a P/E ratio of -13.83 and a beta of 1.84. Marqeta has a 1-year low of $3.74 and a 1-year high of $7.36. The business has a fifty day moving average price of $6.16 and a two-hundred day moving average price of $6.10.

Marqeta (NASDAQ:MQ - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Marqeta had a negative net margin of 32.97% and a negative return on equity of 13.80%. The business had revenue of $118.82 million for the quarter, compared to analyst estimates of $110.80 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Marqeta's revenue for the quarter was down 41.7% on a year-over-year basis. On average, equities analysts anticipate that Marqeta will post -0.35 EPS for the current 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.