NASDAQ:MQ

Marqeta (MQ) Stock Forecast, Price & News

$4.84

+0.06 (+1.26%)

(As of 06/2/2023 ET)

Compare

Today's Range: $4.72
▼
$4.90
50-Day Range: $3.89
▼
$4.84
52-Week Range: $3.46
▼
$12.06

Volume: 3.65 million shs
Average Volume: 5.06 million shs
Market Capitalization: $2.62 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.03

Marqeta MarketRank™ Forecast

Analyst Rating: Hold
2.44 Rating Score
Upside/Downside: 45.2% Upside
$7.03 Price Target
Short Interest: Healthy
5.32% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.37
Based on 6 Articles This Week
Insider Trading: Acquiring Shares
$204,138 Bought Last Quarter
Proj. Earnings Growth: Growing
From ($0.36) to ($0.28) Per Share

Overall MarketRank^™

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

2.75 out of 5 stars

Business Services Sector

21st out of 337 stocks

Prepackaged Software Industry

10th out of 217 stocks

4.2

Analyst's Opinion

Consensus Rating
Marqeta has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 9 buy ratings, 8 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $7.03, Marqeta has a forecasted upside of 45.2% from its current price of $4.84.
Amount of Analyst Coverage
Marqeta has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
5.32% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Marqeta has recently decreased by 6.98%, indicating that investor sentiment is improving 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.

1.9

News and Social Media Coverage

News Sentiment
Marqeta has a news sentiment score of 0.37. 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 news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Marqeta this week, compared to 6 articles on an average week.
Search Interest
Only 44 people have searched for MQ on MarketBeat in the last 30 days. This is a decrease of -39% compared to the previous 30 days.
MarketBeat Follows
3 people have added Marqeta to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

5.0

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 $204,138.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
22.24% 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
61.35% 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 ($0.36) to ($0.28) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Marqeta is -13.44, 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 -13.44, 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 1.83. 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, digital banks, tech giants, and financial institutions. As of December 31, 2021, the company had approximately 200 customers. Marqeta, Inc. was incorporated in 2010 and is headquartered in Oakland, California.

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MQ Stock News Headlines

June 3, 2023 | americanbankingnews.com

Bank of America Initiates Coverage on Marqeta (NASDAQ:MQ)

June 2, 2023 | msn.com

B of A Securities Initiates Coverage of Marqeta Inc - (MQ) with Neutral Recommendation

June 3, 2023 | Behind the Markets (Ad)

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June 1, 2023 | msn.com

Analyst Ratings for Marqeta

June 1, 2023 | americanbankingnews.com

Marqeta Target of Unusually Large Options Trading (NASDAQ:MQ)

May 25, 2023 | seekingalpha.com

Marqeta Is A Good Bet On The Cashless Society

May 24, 2023 | seekingalpha.com

Marqeta: Optimism Now Washed Out, Looks More Interesting

May 21, 2023 | fool.com

Marqeta (NASDAQ: MQ)

June 3, 2023 | Behind the Markets (Ad)

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May 21, 2023 | americanbankingnews.com

Judson C. Linville Buys 44,650 Shares of Marqeta, Inc. (NASDAQ:MQ) Stock

May 20, 2023 | americanbankingnews.com

Marqeta (NASDAQ:MQ) Stock Price Up 3.3%

May 19, 2023 | msn.com

Unusual Put Option Trade in Marqeta Inc - (MQ) Worth $39.10K

May 19, 2023 | americanbankingnews.com

Marqeta (NASDAQ:MQ) Trading Down 4.1% on Analyst Downgrade

May 16, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Marqeta

May 16, 2023 | msn.com

Mizuho Maintains Marqeta Inc - (MQ) Buy Recommendation

May 16, 2023 | americanbankingnews.com

Marqeta (NASDAQ:MQ) PT Lowered to $6.00

May 15, 2023 | americanbankingnews.com

Marqeta, Inc. (NASDAQ:MQ) Receives $7.21 Consensus Price Target from Analysts

May 11, 2023 | businesswire.com

1,543,632

May 11, 2023 | msn.com

Credit Suisse Maintains Marqeta, Inc. (MQ) Outperform Recommendation

May 11, 2023 | americanbankingnews.com

Marqeta (NASDAQ:MQ) Posts Earnings Results, Misses Estimates By $0.03 EPS

May 10, 2023 | theglobeandmail.com

Marqeta (NASDAQ:MQ) Q1 Sales Beat Estimates But Gross Margin Drops

May 10, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Services Companies: WeWork (WE) and Marqeta (MQ)

May 10, 2023 | theglobeandmail.com

Why Marqeta (MQ) Stock Is Trading Lower Today

May 10, 2023 | markets.businessinsider.com

Credit Suisse Reaffirms Their Buy Rating on Marqeta (MQ)

May 10, 2023 | finance.yahoo.com

Marqeta (MQ) Reports Q1 Loss, Tops Revenue Estimates

May 10, 2023 | finance.yahoo.com

Marqeta (MQ) Q1 2023 Earnings Call Transcript

May 9, 2023 | finance.yahoo.com

Marqeta Reports First Quarter 2023 Financial Results

See More Headlines

MQ Price History

30 days | 90 days | 365 days | Advanced Chart

MQ Company Calendar

Last Earnings: 5/09/2023
Today: 6/03/2023
Next Earnings (Estimated): 8/09/2023
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: 789
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.03
High Stock Price Forecast: $14.00
Low Stock Price Forecast: $4.50
Forecasted Upside/Downside: +45.2%
Consensus Rating: Hold
Rating Score (0-4): 2.44
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.36)
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: -24.14%
Pretax Margin: -24.98%
Return on Equity: -12.97%
Return on Assets: -10.88%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.86
Quick Ratio: 4.86

Sales & Book Value

Annual Sales: $748.21 million
Price / Sales: 3.50
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.65 per share
Price / Book: 1.83

Miscellaneous

Outstanding Shares: 540,630,000
Free Float: 420,392,000
Market Cap: $2.62 billion
Optionable: Not Optionable
Beta: 1.81

Key Executives

Mr. Jason M. Gardner (Age 52)
Founder, Chairperson & CEO
Comp: $612.92k

Mr. Randall F. Kern (Age 45)
Chief Technology Officer
Comp: $459.96k

Mr. Michael Milotich (Age 45)
Chief Financial Officer

Ms. Stacey Finerman
VP of Investor Relations

Mr. Seth R. Weissman (Age 53)
Chief Legal Officer, Gen. Counsel, & Sec.

Ms. Sunaina Lobo (Age 47)
Chief HR Officer

Mr. Darren Mowry (Age 47)
Chief Revenue Officer

Mr. Simon Khalaf (Age 56)
Chief Product Officer

Mr. Jeff Parker
Sr. VP & MD of International

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 1 sell rating, 8 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 equities research analysts have issued 1-year target prices for Marqeta's stock. Their MQ share price forecasts range from $4.50 to $14.00. On average, they anticipate the company's stock price to reach $7.03 in the next year. This suggests a possible upside of 45.2% 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 start of the year. Since then, MQ shares have decreased by 20.8% and is now trading at $4.84.
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 Wednesday, August 9th 2023.
View our MQ earnings forecast.
How were Marqeta's earnings last quarter?: Marqeta, Inc. (NASDAQ:MQ) posted its earnings results on Tuesday, May, 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by $0.03. The firm earned $217.40 million during the quarter, compared to analyst estimates of $211.79 million. Marqeta had a negative trailing twelve-month return on equity of 12.97% and a negative net margin of 24.14%. The business's quarterly revenue was up 30.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.11) EPS.
What ETFs hold Marqeta's stock?: 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).
What guidance has Marqeta issued on next quarter's earnings?: Marqeta issued an update on 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.

When did Marqeta IPO?: (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.
What is Marqeta's stock symbol?: Marqeta trades on the NASDAQ under the ticker symbol "MQ."
Who are Marqeta's major shareholders?: Marqeta's stock is owned by a number of 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.
View institutional ownership trends.
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 $4.84.
How much money does Marqeta make?: Marqeta (NASDAQ:MQ) has a market capitalization of $2.62 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.
How many employees does Marqeta have?: The company employs 789 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 6/3/2023 by MarketBeat.com Staff

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