Originally published on Best Stocks Category: best stocks to buy now According to Benzinga, Morgan Stanley equities research analysts cut Marqeta’s (NASDAQ: MQ) price target from $15.00 to $14.00 in a note issued to investors on Monday. The firm currently rates the stock as “overweight.” Morgan Stanley’s price target represents a potential 106.79% increase over the company’s previous close.Several other analysts have recently published reports on the stock. KeyCorp raised their price target on Marqeta stock from $11.00 to $12.00 in a research report issued on Thursday, August 11th, and assigned the company an “overweight” rating. Keefe, Bruyette & Woods cut their target price on Marqeta from $10.00 to $8.00 in a research note issued on Monday, October 10th. Barclays reduced their price target on Marqeta shares from $19.00 to $13.00 in a research note issued on Monday, August 15th, and assigned the stock an “overweight” rating. Wells Fargo & Company downgraded shares of Marqeta from “equal weight” to “underweight” in a research report issued on Thursday, September 8th, and reduced their price objective for the stock from $11.00 to $7.00. Finally, Mizuho reduced their price objective on Marqeta shares from $12.00 to $10.00 in a research report issued on Monday, August 15th, and assigned the stock a “buy” rating. One analyst believes the stock should be sold, four believe it should be held, and eleven believe it should be purchased. Marqeta currently has an average rating of “Moderate Buy” and a price target of $12.77, according to Bloomberg data.Marqeta stock fell $0.20 to $6.77 during trading hours on Monday, with 71,585 shares changing hands, compared to an average volume of 8,663,621. Marqeta has a 52-week low of $6.05 and a 52-week high of $30.28. The company has a $3.67 billion market capitalization, a P/E ratio of -19.79, and a beta of 2.19. The company’s 50-day moving average is $7.30, and its 200-day moving average is $8.56.On Wednesday, August 10th, Marqeta (NASDAQ: MQ) reported earnings. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. Marqeta had a negative net margin of 29.36% and a negative return on equity of 12.07%. The company’s revenue for the quarter was $186.70 million, compared to the $180.14 million consensus estimate. The company earned $0.29 per share during the previous year. Compared to the same quarter last year, revenue increased by 52.7%. As a result, analysts predict that Marqeta will earn $-0.38 per share this year.Several institutional investors and hedge funds have recently modified their holdings in the stock. In the third quarter, Mitsubishi UFJ subsidiary Kokusai Asset Management Co., Ltd. increased its stake in Marqeta by 8.9%. Kokusai Asset Management Co., Ltd. is a subsidiary of Mitsubishi UFJ. Ltd. now owns 17,109 shares of the company’s stock, valued at $122,000, following the purchase of 1,399 additional shares in the last quarter. Sanders Morris Harris LLC increased its Marqeta holdings by 2.4% in the third quarter. Sanders Morris Harris LLC now owns 65,000 shares of the company’s stock, valued at $463,000, following purchasing 1,500 additional shares in the last quarter. Truist Financial Corp. increased its Marqeta holdings by 11.5% in the first quarter. Truist Financial Corp now owns 15,192 shares of the company’s stock, worth $167,000, after purchasing 1,566 additional shares. Malaga Cove Capital LLC increased its Marqeta holdings by 11.1% in the first quarter. Malaga Cove Capital LLC now owns 17,041 shares of the company’s stock, worth $188,000, after purchasing 1,700 additional shares. Finally, in the second quarter, Captrust Financial Advisors increased its stake in Marqeta by 39.6%. Captrust Financial Advisors now owns 6,686 shares of the company’s stock, worth $54,000, after purchasing 1,896 more shares during the period. Institutional investors and hedge funds own 67.04% of the stock.Marqeta, Inc. operates a cloud-based, open application programming interface platform that offers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. Its clients include commerce disruptors, digital banks, tech titans, and financial institutions.