Dimensional Fund Advisors LP Cuts Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Dimensional Fund Advisors LP decreased its holdings in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,070,125 shares of the company's stock after selling 134,375 shares during the quarter. Dimensional Fund Advisors LP owned 1.41% of Marqeta worth $26,795,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Barclays PLC grew its stake in Marqeta by 226.4% in the third quarter. Barclays PLC now owns 861,414 shares of the company's stock worth $4,238,000 after purchasing an additional 597,539 shares in the last quarter. JPMorgan Chase & Co. grew 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 worth $6,499,000 after purchasing an additional 956,992 shares in the last quarter. Nordea Investment Management AB grew its stake in Marqeta by 107.8% in the fourth quarter. Nordea Investment Management AB now owns 851,278 shares of the company's stock worth $3,265,000 after purchasing an additional 441,617 shares in the last quarter. Tallon Kerry Patrick purchased a new stake in shares of Marqeta in the 4th quarter worth approximately $98,000. Finally, apricus wealth LLC purchased a new stake in shares of Marqeta in the 4th quarter worth approximately $51,000. Institutional investors own 78.64% of the company's stock.

Marqeta Stock Up 3.4%

Shares of Marqeta stock traded up $0.16 during trading on Monday, reaching $4.76. The company's stock had a trading volume of 918,343 shares, compared to its average volume of 5,807,948. The company has a 50-day simple moving average of $4.07 and a two-hundred day simple moving average of $4.00. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 237.80 and a beta of 1.41. 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 released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. The business had revenue of $139.07 million during 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%. The company's revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS. As a group, analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

MQ has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Marqeta from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 16th. 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 research report on Wednesday, April 2nd. UBS Group increased their target price on Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Keefe, Bruyette & Woods increased their target price on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a research report on Thursday. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.00.

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.