Marqeta (MQ) to Release Quarterly Earnings on Wednesday

Marqeta (NASDAQ:MQ) is expected to 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 registering for the company’s conference call can do so using this link.

Marqeta Price Performance

Shares of MQ opened at $3.70 on Wednesday. The firm has a market capitalization of $1.86 billion, a PE ratio of 185.00 and a beta of 1.52. The company’s 50-day moving average is $3.79 and its 200-day moving average is $4.45. Marqeta has a fifty-two week low of $3.37 and a fifty-two week high of $7.36.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Marqeta from a “buy” rating to a “hold” rating and cut their price objective for the stock from $9.00 to $4.00 in a research report on Tuesday, November 5th. Monness Crespi & Hardt cut Marqeta from a “buy” rating to a “neutral” rating and set a $7.50 price target for the company. in a report on Tuesday, November 5th. Mizuho decreased their price objective on Marqeta from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. Keefe, Bruyette & Woods dropped their target price on Marqeta from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley reduced their target price on shares of Marqeta from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.