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

Marqeta, Inc. (NASDAQ:MQ) has received an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $19.71.

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of Marqeta from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Marqeta from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Zacks Research downgraded Marqeta from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Marqeta from $4.50 to $18.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd.

Marqeta Price Performance

NASDAQ MQ opened at $18.69 on Tuesday. The stock has a market capitalization of $1.95 billion, a PE ratio of 169.91 and a beta of 1.21. The firm has a 50 day moving average of $16.63 and a two-hundred day moving average of $16.50. Marqeta has a 52 week low of $14.80 and a 52 week high of $22.28.

Marqeta (NASDAQ:MQ) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $172.96 million. Marqeta had a return on equity of 1.36% and a net margin of 1.53%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities research analysts expect that Marqeta will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Marqeta

Several institutional investors have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Marqeta during the second quarter valued at $98,000. AXQ Capital LP acquired a new stake in Marqeta during the 2nd quarter worth about $95,000. Wellington Management Group LLP grew its holdings in shares of Marqeta by 36.7% during the second quarter. Wellington Management Group LLP now owns 13,887,312 shares of the company’s stock valued at $56,382,000 after buying an additional 3,727,289 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Marqeta in the 2nd quarter valued at approximately $525,000. Finally, Uber Technologies Inc acquired a new position in Marqeta in the second quarter worth approximately $2,193,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Marqeta Company Profile

Marqeta, Inc is a financial technology company that provides a modern card-issuing and payment-processing platform. Its cloud-based infrastructure enables businesses to create, launch and manage physical, virtual and tokenized payment cards through application programming interfaces (APIs), without building a card program and processing network entirely in-house.

The Marqeta platform supports transaction processing, authorization, funding, digital wallet integration, card controls and fraud prevention.