Marqeta - MQ Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marqeta in the last year. There are currently 2 sell ratings, 3 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MQ shares.
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16 brokers have issued twelve-month price objectives for Marqeta's stock. Their MQ share price forecasts range from $7.00 to $26.00. On average, they predict the company's share price to reach $14.63 in the next year. This suggests a possible upside of 94.9% from the stock's current price.
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Marqeta's stock was trading at $17.17 on January 1st, 2022. Since then, MQ stock has decreased by 56.3% and is now trading at $7.51.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 9th 2022.
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Marqeta, Inc. (NASDAQ:MQ) announced its quarterly earnings data on Wednesday, August, 10th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The business earned $186.70 million during the quarter, compared to the consensus estimate of $180.14 million. Marqeta had a negative trailing twelve-month return on equity of 12.07% and a negative net margin of 29.36%. The business's quarterly revenue was up 52.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.29) earnings per share.

Marqeta issued an update on its third quarter 2022 earnings guidance on Friday, September, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $178.86 million-$181.49 million, compared to the consensus revenue estimate of $180.05 million.

(MQ) raised $1 billion in an initial public offering on Wednesday, June 9th 2021. The company issued 45,500,000 shares at a price of $20.00-$24.00 per share. Goldman Sachs, J.P. Morgan, Citigroup, Barclays, William Blair and KeyBanc Capital Markets served as the underwriters for the IPO and Nomura, HSBC, R. Seelaus & C. and Siebert Williams Shank were co-managers.

Marqeta trades on the NASDAQ under the ticker symbol "MQ."

Marqeta's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Industry Ventures L.L.C. (1.62%), Franklin Resources Inc. (1.62%), State Street Corp (1.54%), Echo Street Capital Management LLC (1.42%), Renaissance Technologies LLC (1.29%) and FMR LLC (1.03%). Insiders that own company stock include 83North Ii Limited Partnership, Iconiq Strategic Partners Iii, and Seth R Weissman.
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Shares of MQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MQ stock can currently be purchased for approximately $7.51.

Marqeta (NASDAQ:MQ) has a market capitalization of $4.08 billion and generates $517.17 million in revenue each year. The company earns $-163,930,000.00 in net income (profit) each year or ($0.34) on an earnings per share basis.

The company employs 789 workers across the globe.

Marqeta's mailing address is 180 GRAND AVENUE 6TH FLOOR, OAKLAND CA, 94612. The official website for the company is www.marqeta.com. The company can be reached via phone at 888-462-7738 or via email at ir@marqeta.com.