Mission Creek Capital Partners Inc. Makes New $778,000 Investment in Marqeta, Inc. (NASDAQ:MQ)

Mission Creek Capital Partners Inc. acquired a new stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 205,369 shares of the company's stock, valued at approximately $778,000.

Other hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Marqeta in the 4th quarter valued at approximately $33,000. Blueshift Asset Management LLC purchased a new stake in shares of Marqeta in the 4th quarter worth about $38,000. Covestor Ltd grew its position in shares of Marqeta by 1,255.4% in the fourth quarter. Covestor Ltd now owns 10,030 shares of the company's stock valued at $38,000 after purchasing an additional 9,290 shares during the last quarter. Bank of Montreal Can grew its holdings in Marqeta by 125.6% during the 4th quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock valued at $38,000 after buying an additional 49,243 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in Marqeta during the 4th quarter worth about $41,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Marqeta Stock Performance

Shares of NASDAQ:MQ traded down $0.24 during trading hours on Friday, hitting $3.85. The stock had a trading volume of 12,182,158 shares, compared to its average volume of 5,749,270. Marqeta, Inc. has a 1-year low of $3.37 and a 1-year high of $6.01. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 192.50 and a beta of 1.42. The stock's fifty day simple moving average is $4.05 and its 200 day simple moving average is $4.06.

Marqeta (NASDAQ:MQ - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.05. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm had revenue of $135.79 million during the quarter, compared to analyst estimates of $132.71 million. As a group, research analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on MQ. Keefe, Bruyette & Woods lowered their target price on shares of Marqeta from $5.00 to $4.00 and set a "market perform" rating for the company in a research note on Monday, January 6th. The Goldman Sachs Group reduced their price target on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company decreased their target price on Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Marqeta currently has an average rating of "Hold" and a consensus price target of $5.29.

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.