Marqeta, Inc. (MQ) – What Are Researchers Saying About This Stock?

Marqeta, Inc. (NASDAQ:MQ) has received an average recommendation of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.71.

MQ has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Marqeta in a report on Tuesday, November 3rd. UBS Group raised their price target on shares of Marqeta from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, November 5th. Susquehanna restated a “positive” rating and issued a $25.00 price objective on shares of Marqeta in a research report on Wednesday, November 4th. Keefe, Bruyette & Woods upped their price objective on shares of Marqeta from $18.00 to $19.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Finally, Zacks Research lowered shares of Marqeta from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th.

Marqeta Price Performance

Shares of Marqeta stock opened at $18.51 on Friday. Marqeta has a one year low of $14.80 and a one year high of $20.56. The business’s 50 day simple moving average is $17.44 and its two-hundred day simple moving average is $16.63. The stock has a market capitalization of $1.93 billion, a P/E ratio of 14.93 and a beta of 1.02.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $1.03. Marqeta had a return on equity of 3.28% and a net margin of 18.76%. The firm had revenue of $176.18 million during the quarter, compared to analyst estimates of $175.40 million. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts expect that Marqeta will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Marqeta

Several institutional investors and hedge funds have recently bought and sold shares of MQ. Advisors Asset Management Inc. purchased a new position in shares of Marqeta in the 3rd quarter worth about $50,000. Allworth Financial LP increased its stake in Marqeta by 118.6% during the 3rd quarter. Allworth Financial LP now owns 5,882 shares of the company’s stock valued at $100,000 after purchasing an additional 3,191 shares in the last quarter. Parallel Advisors LLC bought a new stake in Marqeta during the 3rd quarter valued at about $67,000. Western Wealth Management LLC purchased a new position in Marqeta in the first quarter worth about $27,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Marqeta by 11.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 77,630 shares of the company’s stock worth $305,000 after buying an additional 7,919 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Company Profile

Marqeta, Inc. provides a cloud-based card issuing and payment processing platform. Its open APIs enable businesses to create and manage physical, virtual and tokenized payment cards and build payment features into their products and services. The platform supports card program management, transaction processing and configurable controls, including tools for managing spending and funding transactions. Marqeta serves businesses in areas such as financial technology, commerce and on-demand services, as well as financial institutions.