BNP Paribas Financial Markets bought a new position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 401,071 shares of the company's stock, valued at approximately $1,520,000. BNP Paribas Financial Markets owned about 0.08% of Marqeta at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. acquired a new stake in Marqeta during the fourth quarter worth about $72,879,000. Price T Rowe Associates Inc. MD grew its stake in Marqeta by 5,396.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,169,103 shares of the company's stock worth $68,862,000 after buying an additional 17,838,535 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Marqeta by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 11,031,591 shares of the company's stock worth $41,819,000 after acquiring an additional 318,184 shares during the last quarter. North Reef Capital Management LP lifted its holdings in shares of Marqeta by 99.7% in the fourth quarter. North Reef Capital Management LP now owns 7,786,999 shares of the company's stock worth $29,513,000 after acquiring an additional 3,886,999 shares during the last quarter. Finally, Invesco Ltd. increased its position in Marqeta by 3.7% during the 4th quarter. Invesco Ltd. now owns 5,385,646 shares of the company's stock valued at $20,412,000 after purchasing an additional 193,590 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.
Marqeta Trading Down 2.5%
NASDAQ MQ traded down $0.13 during mid-day trading on Friday, hitting $5.07. The company's stock had a trading volume of 12,402,689 shares, compared to its average volume of 6,078,701. The company's 50 day simple moving average is $4.26 and its 200 day simple moving average is $4.00. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.00. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 253.50 and a beta of 1.41.
Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The business had revenue of $139.07 million during the quarter, compared to the consensus estimate of $135.66 million. During the same quarter last year, the firm posted ($0.07) EPS. Marqeta's revenue was up 17.9% compared to the same quarter last year. As a group, research analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on MQ shares. Barclays increased their target price on shares of Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. upgraded shares of 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 note on Monday, May 19th. UBS Group lifted their price objective on shares of Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their price objective 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 lifted their price objective 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. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.18.
Read Our Latest Stock Analysis on Marqeta
About Marqeta
(
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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