Cubist Systematic Strategies LLC Trims Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Cubist Systematic Strategies LLC trimmed its position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 44.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 593,502 shares of the company's stock after selling 478,355 shares during the quarter. Cubist Systematic Strategies LLC owned 0.12% of Marqeta worth $2,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its stake in Marqeta by 226.4% in 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 during the last quarter. JPMorgan Chase & Co. lifted its stake in Marqeta by 263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,320,893 shares of the company's stock valued at $6,499,000 after buying an additional 956,992 shares during the last quarter. Tallon Kerry Patrick purchased a new stake in Marqeta in the fourth quarter valued at approximately $98,000. apricus wealth LLC purchased a new stake in Marqeta in the fourth quarter valued at approximately $51,000. Finally, KBC Group NV lifted its stake in Marqeta by 68.8% in the fourth quarter. KBC Group NV now owns 22,546 shares of the company's stock valued at $85,000 after buying an additional 9,186 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Price Performance

Marqeta stock traded up $0.04 during trading hours on Friday, hitting $5.04. The stock had a trading volume of 7,291,543 shares, compared to its average volume of 5,928,892. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 252.00 and a beta of 1.41. Marqeta, Inc. has a 1-year low of $3.37 and a 1-year high of $6.00. The stock's fifty day moving average is $4.15 and its two-hundred day moving average is $3.99.

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

Analysts Set New Price Targets

Several research firms have recently commented on MQ. Barclays upped their price target on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. The Goldman Sachs Group cut their price target on Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Finally, UBS Group upped their price target on Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Marqeta has a consensus rating of "Hold" and a consensus target price 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.