76,026 Shares in Marqeta, Inc. (NASDAQ:MQ) Purchased by Centiva Capital LP

Centiva Capital LP acquired a new position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 76,026 shares of the company's stock, valued at approximately $288,000.

Several other large investors have also made changes to their positions in the company. Barclays PLC lifted its position in Marqeta by 226.4% during the third quarter. Barclays PLC now owns 861,414 shares of the company's stock valued at $4,238,000 after buying an additional 597,539 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Marqeta by 263.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,893 shares of the company's stock valued at $6,499,000 after acquiring an additional 956,992 shares during the period. Tallon Kerry Patrick purchased a new stake in Marqeta during the 4th quarter worth $98,000. apricus wealth LLC acquired a new position in shares of Marqeta during the fourth quarter worth about $51,000. Finally, KBC Group NV boosted its position in shares of Marqeta by 68.8% in the fourth quarter. KBC Group NV now owns 22,546 shares of the company's stock worth $85,000 after buying an additional 9,186 shares during the period. 78.64% of the stock is owned by hedge funds and other institutional investors.

Marqeta Trading Up 0.8%

MQ stock traded up $0.04 during mid-day trading on Friday, hitting $5.04. 7,291,543 shares of the company were exchanged, compared to its average volume of 5,903,445. The firm has a fifty day simple moving average of $4.13 and a 200 day simple moving average of $4.01. The company has a market capitalization of $2.54 billion, a PE ratio of 252.00 and a beta of 1.41. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.00.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business had revenue of $139.07 million during the quarter, compared to the consensus estimate of $135.66 million. During the same period last year, the firm earned ($0.07) earnings per share. The company's revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MQ. The Goldman Sachs Group dropped their target price on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Barclays boosted their target price on shares of Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Monday. Keefe, Bruyette & Woods upped their target price on shares of Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a research note on Thursday, May 8th. Finally, UBS Group lifted their price target on shares of Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Marqeta has an average rating of "Hold" and an average target price of $5.09.

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.