Marqeta, Inc. (NASDAQ:MQ) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,458,087 shares of the company's stock after purchasing an additional 292,698 shares during the period. Two Sigma Investments LP owned about 0.69% of Marqeta worth $13,106,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Congress Asset Management Co. raised 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 worth $4,305,000 after buying an additional 80,161 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Marqeta in the fourth quarter worth $288,000. Xponance Inc. raised its position in shares of Marqeta by 11.5% in the fourth quarter. Xponance Inc. now owns 34,314 shares of the company's stock worth $130,000 after buying an additional 3,546 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Marqeta in the fourth quarter worth $1,520,000. Finally, Northern Trust Corp raised its position in shares of Marqeta by 3.9% in the fourth quarter. Northern Trust Corp now owns 4,301,993 shares of the company's stock worth $16,305,000 after buying an additional 161,968 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Analysts Set New Price Targets

MQ has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Marqeta from a "neutral" rating to an "overweight" rating and increased their target price for the company from $5.00 to $6.00 in a research note on Monday, May 19th. The Goldman Sachs Group reduced their target price on 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 increased their target price 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 company a "neutral" rating in a research note on Thursday, May 8th. Finally, Barclays increased their target price on Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $5.18.

Marqeta Stock Up 1.2%

NASDAQ:MQ traded up $0.07 during mid-day trading on Thursday, hitting $5.34. 1,192,483 shares of the stock traded hands, compared to its average volume of 6,064,560. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 266.25 and a beta of 1.41. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $6.00. The firm's 50 day moving average is $4.30 and its two-hundred day moving average is $4.03.

Marqeta (NASDAQ:MQ - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.02) EPS 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 business had revenue of $139.07 million for the quarter, compared to the consensus estimate of $135.66 million. During the same period in the prior year, the firm earned ($0.07) EPS. The company's revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, research analysts predict that Marqeta, Inc. will post 0.06 EPS for the current year.

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.