BNP Paribas Financial Markets Takes $1.52 Million Position in Marqeta, Inc. (NASDAQ:MQ)

BNP Paribas Financial Markets bought a new position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 401,071 shares of the company's stock, valued at approximately $1,520,000. BNP Paribas Financial Markets owned 0.08% of Marqeta as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Congress Asset Management Co. boosted its position in shares of Marqeta by 7.6% in the fourth quarter. Congress Asset Management Co. now owns 1,135,842 shares of the company's stock valued at $4,305,000 after acquiring an additional 80,161 shares during the period. Raymond James Financial Inc. acquired a new stake in Marqeta in the 4th quarter worth about $288,000. Xponance Inc. boosted its holdings in Marqeta by 11.5% in the 4th quarter. Xponance Inc. now owns 34,314 shares of the company's stock valued at $130,000 after purchasing an additional 3,546 shares during the period. Northern Trust Corp grew its position in shares of Marqeta by 3.9% during the 4th quarter. Northern Trust Corp now owns 4,301,993 shares of the company's stock worth $16,305,000 after purchasing an additional 161,968 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. bought a new position in shares of Marqeta during the fourth quarter worth approximately $778,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Analysts Set New Price Targets

MQ has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their price target on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a research note on Thursday, May 8th. UBS Group increased their target price on Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Barclays raised their price target on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. raised Marqeta from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $5.00 to $6.00 in a research note on Monday. Finally, The Goldman Sachs Group reduced their price objective on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.18.

Marqeta Stock Performance

Shares of Marqeta stock traded down $0.01 during midday trading on Thursday, hitting $5.20. 11,914,882 shares of the company traded hands, compared to its average volume of 6,037,321. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 260.00 and a beta of 1.41. The firm's fifty day moving average price is $4.23 and its 200-day moving average price is $3.99. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $6.00.

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, topping analysts' consensus estimates of ($0.05) by $0.03. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm had revenue of $139.07 million for the quarter, compared to analysts' expectations of $135.66 million. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. The company's revenue was up 17.9% on a year-over-year basis. Equities research analysts forecast that Marqeta, Inc. will post 0.06 earnings per share for the current year.

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.