Ameriprise Financial Inc. acquired a new stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 54,169 shares of the company's stock, valued at approximately $205,000.
Other large investors also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Marqeta by 2.5% during the 4th quarter. Arizona State Retirement System now owns 116,397 shares of the company's stock worth $441,000 after purchasing an additional 2,860 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Marqeta by 7.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,670 shares of the company's stock worth $174,000 after buying an additional 3,155 shares in the last quarter. Xponance Inc. raised its stake in shares of Marqeta by 11.5% in the fourth quarter. Xponance Inc. now owns 34,314 shares of the company's stock valued at $130,000 after acquiring an additional 3,546 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Marqeta by 8.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 49,615 shares of the company's stock valued at $188,000 after acquiring an additional 3,938 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings 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 acquiring an additional 5,154 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors.
Marqeta Stock Performance
MQ traded up $0.07 during trading on Tuesday, reaching $5.48. 5,725,447 shares of the company's stock were exchanged, compared to its average volume of 6,229,408. The company's fifty day moving average price is $4.50 and its 200-day moving average price is $4.12. The firm has a market capitalization of $2.57 billion, a PE ratio of 274.00 and a beta of 1.53. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.00.
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 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 quarter in the prior year, the company posted ($0.07) earnings per share. The firm's revenue was up 17.9% on a year-over-year basis. Research analysts forecast that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.
Analyst Ratings Changes
MQ has been the subject of several research analyst reports. JPMorgan Chase & Co. upgraded Marqeta from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $5.00 to $6.00 in a research report on Monday, May 19th. Barclays lifted their price target on Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. 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 report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.18.
Read Our Latest Stock Report on Marqeta
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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