Marqeta (MQ) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marqeta in the last year. There are currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MQ, but not buy additional shares or sell existing shares.
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17 Wall Street analysts have issued twelve-month target prices for Marqeta's shares. Their MQ share price forecasts range from $4.50 to $14.00. On average, they anticipate the company's share price to reach $7.15 in the next twelve months. This suggests a possible upside of 50.8% from the stock's current price.
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Marqeta's stock was trading at $6.11 at the beginning of the year. Since then, MQ stock has decreased by 22.4% and is now trading at $4.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
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Marqeta, Inc. (NASDAQ:MQ) announced its quarterly earnings results on Tuesday, May, 9th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.03. The business earned $217.40 million during the quarter, compared to the consensus estimate of $211.79 million. Marqeta had a negative net margin of 24.14% and a negative trailing twelve-month return on equity of 12.97%. The business's quarterly revenue was up 30.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.11) EPS.

ETFs with the largest weight of Marqeta (NASDAQ:MQ) stock in their portfolio include Fidelity Crypto Industry and Digital Payments ETF (FDIG), ETFMG Prime Mobile Payments ETF (IPAY), iShares Future Cloud 5G and Tech ETF (IDAT), Renaissance IPO ETF (IPO), Fidelity Growth Opportunities ETF (FGRO), iShares Exponential Technologies ETF (XT), AAM Transformers ETF (TRFM) and Motley Fool Next Index ETF (TMFX).

Marqeta updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $218.41 million-$222.15 million, compared to the consensus revenue estimate of $221.85 million.

(MQ) raised $1 billion in an IPO on Wednesday, June 9th 2021. The company issued 45,500,000 shares at a price of $20.00-$24.00 per share. Goldman Sachs, J.P. Morgan, Citigroup, Barclays, William Blair and KeyBanc Capital Markets served as the underwriters for the IPO and Nomura, HSBC, R. Seelaus & C. and Siebert Williams Shank were co-managers.

Marqeta trades on the NASDAQ under the ticker symbol "MQ."

Marqeta's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (6.60%), FMR LLC (3.30%), Renaissance Technologies LLC (1.82%), State Street Corp (1.66%), Geode Capital Management LLC (1.60%) and Industry Ventures L.L.C. (1.45%). Insiders that own company stock include 83North Ii Limited Partnership, Iconiq Strategic Partners Iii,, Judson C Linville, Najuma Atkinson and Seth R Weissman.
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Shares of MQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MQ stock can currently be purchased for approximately $4.74.

Marqeta (NASDAQ:MQ) has a market capitalization of $2.56 billion and generates $748.21 million in revenue each year. The company earns $-184,780,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis.

The company employs 789 workers across the globe.

Marqeta's mailing address is 180 GRAND AVENUE 6TH FLOOR, OAKLAND CA, 94612. The official website for the company is www.marqeta.com. The company can be reached via phone at 888-462-7738 or via email at ir@marqeta.com.