NASDAQ:MQ

Marqeta (MQ) Stock Forecast, Price & News

$5.98

+0.01 (+0.17%)

(As of 09/29/2023 ET)

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Today's Range: $5.94
▼
$6.16
50-Day Range: $4.96
▼
$6.62
52-Week Range: $3.46
▼
$8.23

Volume: 2.78 million shs
Average Volume: 3.91 million shs
Market Capitalization: $3.17 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.69

Marqeta MarketRank™ Forecast

Analyst Rating: Hold
2.39 Rating Score
Upside/Downside: 11.9% Upside
$6.69 Price Target
Short Interest: Bearish
6.02% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.84
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
$199,240 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.42) to ($0.31) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.05 out of 5 stars

Business Services Sector

206th out of 322 stocks

Prepackaged Software Industry

142nd out of 211 stocks

3.2

Analyst's Opinion

Consensus Rating
Marqeta has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 9 buy ratings, 7 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.69, Marqeta has a forecasted upside of 11.9% from its current price of $5.98.
Amount of Analyst Coverage
Marqeta has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
6.02% of the float of Marqeta has been sold short.
Short Interest Ratio / Days to Cover
Marqeta has a short interest ratio ("days to cover") of 4.5.
Change versus previous month
Short interest in Marqeta has recently increased by 5.93%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Marqeta does not currently pay a dividend.
Dividend Growth
Marqeta does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MQ.

3.2

News and Social Media Coverage

News Sentiment
Marqeta has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Marqeta this week, compared to 4 articles on an average week.
Search Interest
Only 40 people have searched for MQ on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.
MarketBeat Follows
7 people have added Marqeta to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Marqeta insiders have bought more of their company's stock than they have sold. Specifically, they have bought $199,240.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
10.88% of the stock of Marqeta is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
58.10% of the stock of Marqeta is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Marqeta are expected to grow in the coming year, from ($0.42) to ($0.31) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marqeta is -15.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Marqeta is -15.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Marqeta has a P/B Ratio of 2.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Marqeta (NASDAQ:MQ) Stock

Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, financial technology, embedded finance solutions, and large financial institution. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

MQ Price History

30 days | 90 days | 365 days | Advanced Chart

MQ Stock News Headlines

September 30, 2023 | finance.yahoo.com

With 61% institutional ownership, Marqeta, Inc. (NASDAQ:MQ) is a favorite amongst the big guns

September 29, 2023 | theglobeandmail.com

Finance and HR Software Stocks Q2 Results: Benchmarking Marqeta (NASDAQ:MQ)

October 1, 2023 | Goldco (Ad)

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September 28, 2023 | seekingalpha.com

MQ, BIOR and ACRS are among after hour movers

September 26, 2023 | finance.yahoo.com

Marqeta to Announce Third Quarter 2023 Results on November 7, 2023

September 8, 2023 | finance.yahoo.com

1 Reason to Buy and 1 Reason to Avoid This Fintech Up 83% From Its 52-Week Low

September 5, 2023 | finance.yahoo.com

Marqeta to Hold Investor Day Q&A Session on November 10, 2023

September 3, 2023 | morningstar.com

Marqeta Inc Class A

October 1, 2023 | Goldco (Ad)

Biden's Digital Dollar Nightmare

August 31, 2023 | msn.com

Marqeta Inc - (MQ) Price Target Increased by 7.37% to 7.05

August 27, 2023 | finance.yahoo.com

Marqeta's Revenue Is About to Be Cut in Half. Here's Why It's a Screaming Buy.

August 24, 2023 | finance.yahoo.com

Marqeta Announces New Customers Giftbit, Vivian and Whistle, Continuing Embedded Finance Momentum

August 23, 2023 | msn.com

Marqeta: Solid Foundation On Which To Build

August 22, 2023 | msn.com

Marqeta: Done Deal

August 21, 2023 | finance.yahoo.com

How fintech company Marqeta is using AI to help consumers

August 20, 2023 | finance.yahoo.com

Insider Spends US$1.2m Buying More Shares In Marqeta

August 18, 2023 | seekingalpha.com

Marqeta stock rises 4% as director buys stock

August 17, 2023 | investing.com

4 big analyst cuts: SolarEdge Technologies stock plunges on BofA downgrade

August 16, 2023 | msn.com

BTIG Downgrades Marqueta (NASDAQ:MQ) Citing Near-Term Challenges

August 16, 2023 | msn.com

Marqeta stock dips as BTIG downgrades to Sell, citing profitability headwinds

August 15, 2023 | finance.yahoo.com

Marqeta Unveils First Generative AI Investments, Announcing External-Facing Bot and Internal Code Generation Tool that Optimizes Task Efficiency Up to 75 Percent

August 14, 2023 | msn.com

Barclays Maintains Marqeta Inc - (MQ) Overweight Recommendation

August 14, 2023 | markets.businessinsider.com

Barclays Remains a Buy on Marqeta (MQ)

August 14, 2023 | markets.businessinsider.com

6 Analysts Have This to Say About Marqeta

August 11, 2023 | finance.yahoo.com

Time To Worry? Analysts Are Downgrading Their Marqeta, Inc. (NASDAQ:MQ) Outlook

August 9, 2023 | finance.yahoo.com

Marqeta shares rise after renewing key client

August 9, 2023 | benzinga.com

Why Bitcoin- And Ethereum-Related Stock Marqeta Is Exploding Higher

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MQ Company Calendar

Last Earnings: 8/08/2023
Today: 10/01/2023
Next Earnings (Confirmed): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:MQ
CUSIP: N/A
CIK: 1522540
Web: www.marqeta.com
Phone: 888-462-7738
Fax: N/A
Employees: 958
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $6.69
High Stock Price Forecast: $12.00
Low Stock Price Forecast: $4.00
Forecasted Upside/Downside: +11.9%
Consensus Rating: Hold
Rating Score (0-4): 2.39
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.39)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-184,780,000.00
Net Margins: -24.54%
Pretax Margin: -25.29%
Return on Equity: -12.92%
Return on Assets: -10.65%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.76
Quick Ratio: 4.76

Sales & Book Value

Annual Sales: $843.88 million
Price / Sales: 3.76
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.72 per share
Price / Book: 2.20

Miscellaneous

Outstanding Shares: 530,599,000
Free Float: 472,870,000
Market Cap: $3.17 billion
Optionable: Not Optionable
Beta: 1.77

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Key Executives

Mr. Jason M. Gardner (Age 53)
Founder & Exec. Chairman
Comp: $1.18M

Mr. Michael Milotich (Age 46)
Chief Financial Officer
Comp: $822.18k

Mr. Randall F. Kern (Age 46)
Chief Technology Officer
Comp: $799.14k

Mr. Simon Khalaf (Age 57)
CEO & Director

Ms. Stacey Finerman
VP of Investor Relations

Ms. Crystal Sumner (Age 39)
Chief Legal Officer, Gen. Counsel & Corp. Sec.

Ms. Karna Crawford
Chief Marketing Officer

Mr. Jeff Parker
Sr. VP & MD of International

Mr. Todd Pollak (Age 48)
Chief Revenue Officer

Ms. Heather Gantt-Evans
Chief Information Security Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MQ Stock - Frequently Asked Questions

Should I buy or sell Marqeta stock right now?: 18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marqeta in the last year. There are currently 2 sell ratings, 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.
View MQ analyst ratings or view top-rated stocks.
What is Marqeta's stock price forecast for 2023?: 18 Wall Street analysts have issued twelve-month target prices for Marqeta's shares. Their MQ share price forecasts range from $4.00 to $12.00. On average, they anticipate the company's share price to reach $6.69 in the next twelve months. This suggests a possible upside of 11.9% from the stock's current price.
View analysts price targets for MQ or view top-rated stocks among Wall Street analysts.
How have MQ shares performed in 2023?: Marqeta's stock was trading at $6.11 at the beginning of the year. Since then, MQ stock has decreased by 2.1% and is now trading at $5.98.
View the best growth stocks for 2023 here.
When is Marqeta's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our MQ earnings forecast.
How can I listen to Marqeta's earnings call?: Marqeta will be holding an earnings conference call on Tuesday, November 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Marqeta's earnings last quarter?: Marqeta, Inc. (NASDAQ:MQ) announced its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.02. The business had revenue of $231.12 million for the quarter, compared to analysts' expectations of $220.90 million. Marqeta had a negative trailing twelve-month return on equity of 12.92% and a negative net margin of 24.54%.

What ETFs hold Marqeta's stock?: ETFs with the largest weight of Marqeta (NASDAQ:MQ) stock in their portfolio include ETFMG Prime Mobile Payments ETF (IPAY), Fidelity Crypto Industry and Digital Payments ETF (FDIG) and Renaissance IPO ETF (IPO).Fidelity Growth Opportunities ETF (FGRO).
When did Marqeta IPO?: (MQ) raised $1 billion in an initial public offering on Wednesday, June 9th 2021. The company issued 45,500,000 shares at $20.00-$24.00 per share. Goldman Sachs, J.P. Morgan, Citigroup, Barclays, William Blair and KeyBanc Capital Markets acted as the underwriters for the IPO and Nomura, HSBC, R. Seelaus & C. and Siebert Williams Shank were co-managers.
What is Marqeta's stock symbol?: Marqeta trades on the NASDAQ under the ticker symbol "MQ."
How do I buy shares of Marqeta?: 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.
Compare Top Brokerages Here.
What is Marqeta's stock price today?: One share of MQ stock can currently be purchased for approximately $5.98.
How much money does Marqeta make?: Marqeta (NASDAQ:MQ) has a market capitalization of $3.17 billion and generates $843.88 million in revenue each year. The company earns $-184,780,000.00 in net income (profit) each year or ($0.39) on an earnings per share basis.
How many employees does Marqeta have?: The company employs 958 workers across the globe.
How can I contact Marqeta?: 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.

This page (NASDAQ:MQ) was last updated on 10/1/2023 by MarketBeat.com Staff

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