Marqeta's (MQ) Equal Weight Rating Reiterated at Barclays

Barclays reissued their equal weight rating on shares of Marqeta (NASDAQ:MQ - Free Report) in a research note released on Tuesday morning, Marketbeat Ratings reports. Barclays currently has a $4.00 price target on the stock, down from their previous price target of $5.00.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price objective 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. Deutsche Bank Aktiengesellschaft lowered Marqeta from a "buy" rating to a "hold" rating and lowered their price target for the stock from $9.00 to $4.00 in a research note on Tuesday, November 5th. William Blair cut shares of Marqeta from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 5th. KeyCorp cut Marqeta from an "overweight" rating to a "sector weight" rating in a report on Tuesday, November 5th. Finally, Mizuho cut their price objective on shares of Marqeta from $7.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.03.

Marqeta Trading Down 3.5 %

Marqeta stock traded down $0.14 during trading on Tuesday, hitting $3.89. 3,579,538 shares of the company were exchanged, compared to its average volume of 5,342,418. Marqeta has a 52 week low of $3.37 and a 52 week high of $7.36. The business's 50 day moving average is $4.45 and its 200 day moving average is $4.95. The company has a market capitalization of $1.95 billion, a P/E ratio of 194.50 and a beta of 1.54.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The company had revenue of $127.90 million for the quarter, compared to the consensus estimate of $128.05 million. During the same quarter in the previous year, the business earned ($0.07) earnings per share. Marqeta's revenue was up 20.8% compared to the same quarter last year. Equities analysts expect that Marqeta will post 0.06 EPS for the current year.

Institutional Trading of Marqeta

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Magnetar Financial LLC acquired a new position in shares of Marqeta during the 2nd quarter worth $61,000. Point72 DIFC Ltd purchased a new stake in Marqeta during the third quarter worth approximately $57,000. CreativeOne Wealth LLC acquired a new position in Marqeta during the 3rd quarter worth approximately $59,000. XTX Topco Ltd purchased a new position in Marqeta in the second quarter valued at about $72,000. Finally, Castleview Partners LLC acquired a new position in Marqeta during the 3rd quarter worth $77,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

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.