Marqeta, Inc. (NASDAQ:MQ) Stock Has Average Target Price of $20.71 According to Analysts

Shares of Marqeta, Inc. (NASDAQ:MQ) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers 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 research reports. Zacks Research lowered Marqeta from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. UBS Group raised their price objective on shares of Marqeta from $19.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. Susquehanna reaffirmed a “positive” rating and set a $25.00 target price on shares of Marqeta in a report on Wednesday, November 4th. Keefe, Bruyette & Woods raised their price target 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. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Marqeta in a research report on Tuesday, November 3rd.

Hedge Funds Weigh In On Marqeta

A number of large investors have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new stake in shares of Marqeta in the first quarter valued at approximately $27,000. Financial Solutions Advisory Group Inc. purchased a new stake in Marqeta in the 1st quarter worth $41,000. Parallel Advisors LLC purchased a new stake in Marqeta in the 3rd quarter worth $67,000. Amundi raised its position in Marqeta by 99.6% during the first quarter. Amundi now owns 20,301 shares of the company’s stock worth $83,000 after acquiring an additional 10,129 shares during the period. Finally, AXQ Capital LP acquired a new position in Marqeta during the second quarter worth $95,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Marqeta Stock Down 1.0%

Shares of NASDAQ MQ opened at $18.40 on Friday. The business’s 50 day moving average price is $17.35 and its 200 day moving average price is $16.63. The firm has a market cap of $1.92 billion, a P/E ratio of 14.84 and a beta of 1.02. Marqeta has a 52 week low of $14.80 and a 52 week high of $20.56.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $1.03. Marqeta had a net margin of 18.76% and a return on equity of 3.28%. The firm had revenue of $176.18 million for the quarter, compared to analyst estimates of $175.40 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Marqeta will post 0.62 earnings per share for the current year.

About Marqeta