UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in 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% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

A number of other institutional investors have also made changes to their positions in MQ. Headlands Technologies LLC purchased a new stake in Marqeta during the 4th quarter worth approximately $33,000. Blueshift Asset Management LLC purchased a new stake in shares of Marqeta during the fourth quarter worth $38,000. Covestor Ltd raised its stake in shares of Marqeta by 1,255.4% in the fourth quarter. Covestor Ltd now owns 10,030 shares of the company's stock valued at $38,000 after acquiring an additional 9,290 shares in the last quarter. Bank of Montreal Can increased its holdings in Marqeta by 125.6% during the 4th quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock worth $38,000 after purchasing an additional 49,243 shares during the period. Finally, Stifel Financial Corp acquired a new stake in Marqeta in the 4th quarter valued at about $41,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Marqeta Stock Performance

Marqeta stock traded down $0.06 during midday trading on Monday, hitting $5.41. 7,415,157 shares of the company's stock were exchanged, compared to its average volume of 6,217,591. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 270.50 and a beta of 1.53. Marqeta, Inc. has a 12-month low of $3.37 and a 12-month high of $6.00. The firm's 50 day simple moving average is $4.45 and its 200 day simple moving average is $4.10.

Marqeta (NASDAQ:MQ - Get Free Report) last posted 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. 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 business earned ($0.07) EPS. The firm's revenue was up 17.9% compared to the same quarter last year. On average, equities research analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MQ has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their price objective 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. JPMorgan Chase & Co. upgraded shares of Marqeta from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $5.00 to $6.00 in a research note on Monday, May 19th. UBS Group raised their price target 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 upped their price objective on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $5.18.

About Marqeta

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.