Marqeta (MQ) Expected to Announce Quarterly Earnings on Wednesday

Marqeta (NASDAQ:MQ - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $132.71 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Marqeta Stock Down 5.9 %

Shares of NASDAQ MQ traded down $0.23 during mid-day trading on Friday, reaching $3.69. 5,182,247 shares of the company were exchanged, compared to its average volume of 4,261,197. The company's 50-day simple moving average is $3.78 and its 200-day simple moving average is $4.44. The stock has a market capitalization of $1.85 billion, a P/E ratio of 184.50 and a beta of 1.52. Marqeta has a twelve month low of $3.37 and a twelve month high of $7.36.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MQ. Deutsche Bank Aktiengesellschaft lowered shares of 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 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. Susquehanna dropped their price objective on shares of Marqeta from $9.00 to $7.00 and set a "positive" rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company dropped their price objective on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Finally, Monness Crespi & Hardt cut shares of Marqeta from a "buy" rating to a "neutral" rating and set a $7.50 price objective 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.