Boothbay Fund Management LLC lessened its stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 74.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,474 shares of the company's stock after selling 413,470 shares during the quarter. Boothbay Fund Management LLC's holdings in Marqeta were worth $536,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System lifted its stake in Marqeta by 2.5% in the fourth quarter. Arizona State Retirement System now owns 116,397 shares of the company's stock worth $441,000 after acquiring an additional 2,860 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Marqeta by 7.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,670 shares of the company's stock valued at $174,000 after purchasing an additional 3,155 shares during the period. Xponance Inc. grew its stake in Marqeta by 11.5% during the fourth quarter. Xponance Inc. now owns 34,314 shares of the company's stock worth $130,000 after buying an additional 3,546 shares during the period. Summit Investment Advisors Inc. increased its holdings in Marqeta by 8.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 49,615 shares of the company's stock worth $188,000 after purchasing an additional 3,938 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Marqeta by 36.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 19,312 shares of the company's stock worth $73,000 after buying an additional 5,154 shares during the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.
Marqeta Stock Performance
Shares of NASDAQ:MQ traded up $0.06 during midday trading on Tuesday, reaching $3.86. 1,259,264 shares of the company's stock traded hands, compared to its average volume of 5,723,721. The company has a market cap of $1.94 billion, a P/E ratio of 192.75 and a beta of 1.41. The company has a fifty day simple moving average of $4.06 and a two-hundred day simple moving average of $4.03. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $6.01.
Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.05. The company had revenue of $135.79 million for the quarter, compared to analysts' expectations of $132.71 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. As a group, research analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently issued reports on MQ shares. Keefe, Bruyette & Woods reduced 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. The Goldman Sachs Group dropped their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company decreased their price target on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $5.29.
Get Our Latest Research Report on MQ
Marqeta Profile
(
Free Report)
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.
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