Two Sigma Advisers LP lifted its stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 30.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,071,400 shares of the company's stock after purchasing an additional 1,188,100 shares during the period. Two Sigma Advisers LP owned about 1.01% of Marqeta worth $19,221,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of MQ. Barclays PLC lifted its holdings in Marqeta by 226.4% in the third quarter. Barclays PLC now owns 861,414 shares of the company's stock worth $4,238,000 after acquiring an additional 597,539 shares during the last quarter. Tallon Kerry Patrick bought a new position in Marqeta in the fourth quarter worth about $98,000. apricus wealth LLC bought a new position in Marqeta in the fourth quarter worth about $51,000. KBC Group NV lifted its holdings in Marqeta by 68.8% in the fourth quarter. KBC Group NV now owns 22,546 shares of the company's stock worth $85,000 after acquiring an additional 9,186 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its holdings in Marqeta by 12.1% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 105,457 shares of the company's stock worth $399,000 after acquiring an additional 11,356 shares during the last quarter. Institutional investors own 78.64% of the company's stock.
Marqeta Price Performance
Shares of NASDAQ MQ traded up $0.07 during mid-day trading on Tuesday, reaching $5.14. 2,098,662 shares of the company traded hands, compared to its average volume of 6,063,255. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.00. The firm has a market cap of $2.40 billion, a PE ratio of 256.75 and a beta of 1.41. The stock has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $4.01.
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, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $139.07 million for the quarter, compared to analyst estimates of $135.66 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm's quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.07) earnings per share. As a group, analysts predict that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on MQ. The Goldman Sachs Group cut their target price on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Barclays raised their target price on shares of Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. JPMorgan Chase & Co. raised shares of Marqeta from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $5.00 to $6.00 in a report on Monday, May 19th. UBS Group raised their target price on shares of Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.18.
Get Our Latest Stock Analysis on MQ
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.
Featured Articles
Before you consider Marqeta, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Marqeta wasn't on the list.
While Marqeta currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
