Centiva Capital LP Takes $288,000 Position in Marqeta, Inc. (NASDAQ:MQ)

Centiva Capital LP purchased a new position in Marqeta, Inc. (NASDAQ:MQ - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 76,026 shares of the company's stock, valued at approximately $288,000.

A number of other institutional investors have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. bought a new position in Marqeta during the fourth quarter worth about $72,879,000. Price T Rowe Associates Inc. MD boosted its position in shares of Marqeta by 5,396.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,169,103 shares of the company's stock worth $68,862,000 after purchasing an additional 17,838,535 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Marqeta in the 4th quarter worth about $19,717,000. North Reef Capital Management LP increased its stake in shares of Marqeta by 99.7% during the 4th quarter. North Reef Capital Management LP now owns 7,786,999 shares of the company's stock worth $29,513,000 after purchasing an additional 3,886,999 shares during the last quarter. Finally, Norges Bank bought a new position in Marqeta in the 4th quarter worth approximately $8,052,000. 78.64% of the stock is currently owned by institutional investors.

Marqeta Stock Up 0.8%

NASDAQ MQ traded up $0.04 during trading on Friday, reaching $5.04. 7,291,543 shares of the stock traded hands, compared to its average volume of 5,928,892. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.00. The stock's 50-day moving average price is $4.15 and its 200 day moving average price is $3.98. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 252.00 and a beta of 1.41.

Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The firm had revenue of $139.07 million for the quarter, compared to the consensus estimate of $135.66 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The company's quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.07) earnings per share. Analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on MQ. Keefe, Bruyette & Woods raised their target price on Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. The Goldman Sachs Group dropped their price objective on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. UBS Group increased their price objective on shares of Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Barclays raised their target price on shares of Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.09.

About Marqeta

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.