Marqeta (MQ) Expected to Announce Earnings on Wednesday

Marqeta (NASDAQ:MQ) is expected to announce its earnings results 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Marqeta Stock Down 5.9 %

NASDAQ:MQ opened at $3.69 on Monday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 184.50 and a beta of 1.52. The company has a fifty day simple moving average of $3.77 and a two-hundred day simple moving average of $4.43. Marqeta has a 52 week low of $3.37 and a 52 week high of $7.36.

Analyst Ratings Changes

Several brokerages have weighed in on MQ. Barclays reiterated an “equal weight” rating and issued a $4.00 target price (down from $5.00) on shares of Marqeta in a research note on Tuesday, December 17th. KeyCorp cut Marqeta from an “overweight” rating to a “sector weight” rating in a 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. William Blair cut Marqeta from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Finally, 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 research note on Monday, January 6th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently 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.