State of Wyoming Sells 54,114 Shares of Marqeta, Inc. (NASDAQ:MQ)

State of Wyoming lessened its holdings in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,890 shares of the company's stock after selling 54,114 shares during the quarter. State of Wyoming's holdings in Marqeta were worth $488,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Marqeta during the 4th quarter worth approximately $33,000. Blueshift Asset Management LLC bought a new position in shares of Marqeta in the fourth quarter valued at $38,000. Covestor Ltd increased its holdings in Marqeta by 1,255.4% during the fourth quarter. Covestor Ltd now owns 10,030 shares of the company's stock worth $38,000 after buying an additional 9,290 shares during the last quarter. Bank of Montreal Can increased its holdings in Marqeta by 125.6% during the fourth quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock worth $38,000 after buying an additional 49,243 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Marqeta during the fourth quarter worth $41,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Marqeta Trading Up 4.0%

Shares of MQ stock opened at $5.24 on Tuesday. The stock has a market cap of $2.64 billion, a P/E ratio of 262.00 and a beta of 1.41. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $6.00. The stock has a 50 day simple moving average of $4.18 and a 200 day simple moving average of $3.98.

Marqeta (NASDAQ:MQ - Get Free Report) last released its earnings results 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. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The firm had revenue of $139.07 million during the quarter, compared to the consensus estimate of $135.66 million. During the same period in the prior year, the company posted ($0.07) EPS. The company's revenue was up 17.9% compared to the same quarter last year. Analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MQ shares. The Goldman Sachs Group lowered 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. Keefe, Bruyette & Woods lifted their price target on Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. upgraded Marqeta from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $5.00 to $6.00 in a research note on Monday. UBS Group raised their price objective on Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Finally, Barclays boosted their target price on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $5.18.

Marqeta 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.

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