UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 133,188 Shares of Marqeta, Inc. (NASDAQ:MQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 18.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 860,234 shares of the company's stock after buying an additional 133,188 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Marqeta worth $3,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Marqeta by 226.4% in the third quarter. Barclays PLC now owns 861,414 shares of the company's stock valued at $4,238,000 after purchasing an additional 597,539 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in shares of Marqeta in the fourth quarter valued at approximately $98,000. KBC Group NV grew its position in shares of Marqeta by 68.8% in the fourth quarter. KBC Group NV now owns 22,546 shares of the company's stock valued at $85,000 after purchasing an additional 9,186 shares during the last quarter. Empowered Funds LLC grew its position in shares of Marqeta by 324.6% in the fourth quarter. Empowered Funds LLC now owns 55,793 shares of the company's stock valued at $211,000 after purchasing an additional 42,653 shares during the last quarter. Finally, Certuity LLC acquired a new stake in shares of Marqeta in the fourth quarter valued at approximately $44,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on MQ. Barclays increased their price target on shares of Marqeta from $4.00 to $5.00 and gave the company 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 increased their price target for the stock from $5.00 to $6.00 in a research note on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a research report on Thursday, May 8th. UBS Group upped 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, The Goldman Sachs Group dropped their target price on Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $5.18.

Marqeta Price Performance

Shares of NASDAQ MQ traded down $0.03 during midday trading on Friday, hitting $5.47. 6,391,165 shares of the company's stock were exchanged, compared to its average volume of 6,212,776. The stock's 50 day moving average price is $4.45 and its 200-day moving average price is $4.10. The firm has a market cap of $2.56 billion, a P/E ratio of 273.50 and a beta of 1.53. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.00.

Marqeta (NASDAQ:MQ - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.02) 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 analysts' expectations of $135.66 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. 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 company earned ($0.07) earnings per share. On average, analysts expect that Marqeta, Inc. will post 0.06 EPS for the current fiscal 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.