Shares of Marqeta, Inc. (NASDAQ:MQ – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $7.11.
A number of research analysts recently weighed in on MQ shares. Keefe, Bruyette & Woods decreased their target price on shares of Marqeta from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Monday, July 8th. UBS Group cut their price target on shares of Marqeta from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. cut their price target on shares of Marqeta from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Susquehanna reiterated a “positive” rating and issued a $9.00 price target on shares of Marqeta in a research note on Tuesday, August 6th.
Read Our Latest Research Report on MQ
Institutional Trading of Marqeta
Marqeta Trading Up 1.7 %
Shares of MQ stock opened at $5.27 on Friday. The firm’s 50 day moving average is $5.11 and its 200-day moving average is $5.30. Marqeta has a 1 year low of $4.40 and a 1 year high of $7.36. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -14.64 and a beta of 1.77.
Marqeta (NASDAQ:MQ – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Marqeta had a negative net margin of 2.62% and a positive return on equity of 0.51%. The company had revenue of $125.30 million for the quarter, compared to analyst estimates of $121.87 million. During the same period last year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was down 45.8% compared to the same quarter last year. On average, equities research analysts forecast that Marqeta will post 0.06 earnings per share for the current fiscal year.
About Marqeta
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.
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