Brokerages Set Marqeta, Inc. (NASDAQ:MQ) Target Price at $11.42

Shares of Marqeta, Inc. (NASDAQ:MQGet Rating) have received a consensus rating of “Moderate Buy” from the seventeen research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.42.

MQ has been the subject of a number of research analyst reports. Wedbush initiated coverage on shares of Marqeta in a research note on Wednesday, September 21st. They issued a “neutral” rating and a $8.00 target price for the company. Truist Financial reduced their price objective on shares of Marqeta from $16.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. Mizuho reduced their price objective on shares of Marqeta from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 15th. Morgan Stanley reduced their price objective on shares of Marqeta from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 7th. Finally, Barclays reduced their price objective on shares of Marqeta from $13.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, November 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Truist Financial Corp increased its holdings in shares of Marqeta by 11.5% during the first quarter. Truist Financial Corp now owns 15,192 shares of the company’s stock worth $167,000 after purchasing an additional 1,566 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Marqeta by 69.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 21,117 shares of the company’s stock worth $171,000 after purchasing an additional 8,671 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Marqeta during the second quarter worth approximately $85,000. Mount Yale Investment Advisors LLC increased its holdings in shares of Marqeta by 48.2% during the first quarter. Mount Yale Investment Advisors LLC now owns 27,320 shares of the company’s stock worth $302,000 after purchasing an additional 8,880 shares during the period. Finally, Profund Advisors LLC bought a new position in shares of Marqeta during the second quarter worth approximately $85,000. 67.04% of the stock is owned by institutional investors.

Marqeta Stock Up 1.9 %

Shares of NASDAQ MQ opened at $6.56 on Friday. Marqeta has a 1-year low of $6.05 and a 1-year high of $22.67. The company has a fifty day moving average price of $7.09 and a 200 day moving average price of $8.32.

About Marqeta

(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.

Further Reading

Analyst Recommendations for Marqeta (NASDAQ:MQ)

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.