Marqeta, Inc. (NASDAQ:MQ) Receives $6.11 Consensus Target Price from Analysts

by · The Markets Daily

Marqeta, Inc. (NASDAQ:MQ – Get Free Report) has been given an average rating of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $6.1136.

Several research analysts recently weighed in on MQ shares. The Goldman Sachs Group boosted their price objective on shares of Marqeta from $5.50 to $7.50 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Marqeta from $4.50 to $6.50 and gave the stock a “market perform” rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of Marqeta from $6.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. UBS Group boosted their price objective on shares of Marqeta from $5.00 to $5.75 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Marqeta in a research report on Thursday, July 17th. They set a “hold” rating and a $6.00 target price for the company.

Read Our Latest Report on MQ

Insider Buying and Selling at Marqeta

In other Marqeta news, Director Jason M. Gardner sold 31,627 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total transaction of $197,985.02. Following the completion of the sale, the director owned 15,367,373 shares in the company, valued at approximately $96,199,754.98. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Todd Pollak sold 116,493 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $6.19, for a total transaction of $721,091.67. Following the sale, the executive owned 364,525 shares of the company’s stock, valued at $2,256,409.75. The trade was a 24.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,398,120 shares of company stock valued at $15,836,577 in the last quarter. Corporate insiders own 12.61% of the company’s stock.

Institutional Trading of Marqeta

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in shares of Marqeta in the 4th quarter valued at $288,000. Allspring Global Investments Holdings LLC increased its position in shares of Marqeta by 44.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,579 shares of the company’s stock valued at $287,000 after buying an additional 20,909 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Marqeta in the 4th quarter valued at $1,520,000. Northern Trust Corp increased its position in shares of Marqeta by 3.9% in the 4th quarter. Northern Trust Corp now owns 4,301,993 shares of the company’s stock valued at $16,305,000 after buying an additional 161,968 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Marqeta by 7.6% in the 1st quarter. Invesco Ltd. now owns 5,797,217 shares of the company’s stock valued at $23,885,000 after buying an additional 411,571 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

Marqeta Price Performance

MQ stock opened at $5.83 on Monday. The company has a 50 day moving average price of $6.02 and a 200 day moving average price of $5.13. Marqeta has a fifty-two week low of $3.37 and a fifty-two week high of $7.04. The stock has a market capitalization of $2.61 billion, a PE ratio of -44.85 and a beta of 1.55.

About Marqeta

(Get Free Report)

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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