Marqeta (MQ) to Release Quarterly Earnings on Wednesday

Marqeta (NASDAQ:MQ) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Marqeta to post earnings of ($0.10) per share and revenue of $132.71 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Marqeta Trading Up 0.5 %

NASDAQ:MQ opened at $3.71 on Tuesday. The stock has a 50 day simple moving average of $3.77 and a 200 day simple moving average of $4.42. The stock has a market cap of $1.86 billion, a P/E ratio of 185.50 and a beta of 1.52. Marqeta has a 1-year low of $3.37 and a 1-year high of $7.36.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MQ. Morgan Stanley dropped their target price on Marqeta from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Barclays reiterated an “equal weight” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Marqeta in a research note on Tuesday, December 17th. Wells Fargo & Company decreased their target price on shares of Marqeta from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group dropped their price target on shares of Marqeta from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. cut their price target on Marqeta from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Marqeta has a consensus rating of “Hold” and a consensus price target of $5.65.

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.