SG Americas Securities LLC grew its position in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 401.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,216 shares of the company's stock after purchasing an additional 153,861 shares during the period. SG Americas Securities LLC's holdings in Marqeta were worth $792,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. bought a new position in Marqeta during the fourth quarter valued at about $72,879,000. Price T Rowe Associates Inc. MD grew its position 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 valued at $68,862,000 after buying an additional 17,838,535 shares during the period. RPD Fund Management LLC bought a new position in Marqeta during the fourth quarter valued at about $37,289,000. Wellington Management Group LLP bought a new position in Marqeta during the fourth quarter valued at about $19,717,000. Finally, North Reef Capital Management LP grew its position in Marqeta by 99.7% during the fourth quarter. North Reef Capital Management LP now owns 7,786,999 shares of the company's stock valued at $29,513,000 after buying an additional 3,886,999 shares during the period. Hedge funds and other institutional investors own 78.64% of the company's stock.
Marqeta Price Performance
MQ stock traded up $0.10 during trading on Monday, hitting $5.59. 4,465,694 shares of the stock traded hands, compared to its average volume of 6,245,234. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $6.00. The firm's 50 day moving average is $4.80 and its two-hundred day moving average is $4.22. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 55.90 and a beta of 1.53.
Marqeta (NASDAQ:MQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) EPS 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 the consensus estimate of $135.66 million. Marqeta had a net margin of 10.43% and a return on equity of 5.11%. Marqeta's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) EPS. As a group, analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on MQ shares. JPMorgan Chase & Co. upgraded shares of Marqeta from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $5.00 to $6.00 in a research report on Monday, May 19th. Keefe, Bruyette & Woods boosted 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. Barclays boosted their price objective on shares of Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. The Goldman Sachs Group reduced 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, UBS Group boosted 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. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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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