Marqeta, Inc. (NASDAQ:MQ – Get Rating) – Equities research analysts at Wedbush issued their Q3 2022 earnings per share estimates for Marqeta in a research report issued on Wednesday, September 21st. Wedbush analyst M. Katri anticipates that the company will post earnings of ($0.09) per share for the quarter. Wedbush currently has a "Neutral" rating and a $8.00 price target on the stock. The consensus estimate for Marqeta's current full-year earnings is ($0.38) per share. Wedbush also issued estimates for Marqeta's Q4 2022 earnings at ($0.09) EPS, FY2022 earnings at ($0.37) EPS, Q1 2023 earnings at ($0.05) EPS, Q2 2023 earnings at ($0.06) EPS, Q3 2023 earnings at ($0.05) EPS, Q4 2023 earnings at ($0.04) EPS and FY2023 earnings at ($0.20) EPS.
Get Marqeta alerts:Marqeta (NASDAQ:MQ – Get Rating) last issued its quarterly earnings results on Wednesday, August 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. Marqeta had a negative return on equity of 12.07% and a negative net margin of 29.36%. The firm had revenue of $186.70 million for the quarter, compared to analyst estimates of $180.14 million. During the same period in the previous year, the firm earned ($0.29) earnings per share. The company's revenue was up 52.7% compared to the same quarter last year.
MQ has been the topic of several other reports. Mizuho dropped their price target on Marqeta from $12.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, August 15th. UBS Group initiated coverage on Marqeta in a research report on Tuesday, June 7th. They set a "buy" rating and a $14.00 target price on the stock. KeyCorp upped their target price on Marqeta from $11.00 to $12.00 and gave the stock an "overweight" rating in a research report on Thursday, August 11th. Barclays lowered their target price on Marqeta from $19.00 to $13.00 and set an "overweight" rating on the stock in a research report on Monday, August 15th. Finally, Wells Fargo & Company lowered Marqeta from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $11.00 to $7.00 in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $14.22.Marqeta Stock Performance
Shares of MQ opened at $6.74 on Monday. Marqeta has a 52-week low of $6.05 and a 52-week high of $37.90. The business's 50 day moving average price is $8.39 and its two-hundred day moving average price is $9.35. The firm has a market cap of $3.66 billion, a PE ratio of -19.82 and a beta of 2.61.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Capital Research Global Investors lifted its position in shares of Marqeta by 349.7% during the 1st quarter. Capital Research Global Investors now owns 37,142,171 shares of the company's stock valued at $410,050,000 after buying an additional 28,882,196 shares during the last quarter. Lone Pine Capital LLC lifted its holdings in Marqeta by 566.7% during the 4th quarter. Lone Pine Capital LLC now owns 17,476,795 shares of the company's stock worth $300,077,000 after purchasing an additional 14,855,275 shares in the last quarter. Visa Inc. purchased a new stake in Marqeta during the 1st quarter worth about $137,389,000. Industry Ventures L.L.C. purchased a new stake in Marqeta during the 4th quarter worth about $167,049,000. Finally, State Street Corp lifted its holdings in Marqeta by 785.9% during the 2nd quarter. State Street Corp now owns 8,385,190 shares of the company's stock worth $68,004,000 after purchasing an additional 7,438,632 shares in the last quarter. Institutional investors own 67.04% of the company's stock.
Marqeta Company Profile
(Get Rating)
Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions.
See Also
- Get a free copy of the StockNews.com research report on Marqeta (MQ)
- Can Caterpillar Claw Higher in a Falling Market?
- Is Dave & Buster's Immune to High Inflation and Lower Spending?
- Should These 3 Top-Performing Mid-Caps Be On Your Watchlist?
- Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
- MarketBeat: Week in Review 9/19 – 9/23
Receive News & Ratings for Marqeta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marqeta and related companies with MarketBeat.com's FREE daily email newsletter.