Voloridge Investment Management LLC Has $683,000 Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Voloridge Investment Management LLC reduced its stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 77.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 180,275 shares of the company's stock after selling 619,708 shares during the period. Voloridge Investment Management LLC's holdings in Marqeta were worth $683,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MQ. Arizona State Retirement System raised its position in Marqeta by 2.5% in the 4th quarter. Arizona State Retirement System now owns 116,397 shares of the company's stock valued at $441,000 after buying an additional 2,860 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Marqeta by 7.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,670 shares of the company's stock worth $174,000 after purchasing an additional 3,155 shares during the last quarter. Xponance Inc. grew its position in Marqeta by 11.5% in the fourth quarter. Xponance Inc. now owns 34,314 shares of the company's stock valued at $130,000 after purchasing an additional 3,546 shares in the last quarter. Summit Investment Advisors Inc. increased its stake in Marqeta by 8.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 49,615 shares of the company's stock valued at $188,000 after buying an additional 3,938 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Marqeta by 36.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 19,312 shares of the company's stock worth $73,000 after buying an additional 5,154 shares in the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Marqeta Stock Performance

Shares of NASDAQ MQ traded up $0.11 during trading hours on Tuesday, reaching $5.35. 9,452,709 shares of the stock were exchanged, compared to its average volume of 6,146,927. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 267.50 and a beta of 1.41. The stock's fifty day simple moving average is $4.37 and its 200 day simple moving average is $4.06. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $6.00.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping 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 company had revenue of $139.07 million during the quarter, compared to the consensus estimate of $135.66 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The company's revenue was up 17.9% on a year-over-year basis. Research analysts predict that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. raised Marqeta from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $5.00 to $6.00 in a report on Monday, May 19th. Barclays boosted 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. UBS Group upped their price target on shares of Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a research report on Thursday, May 8th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $5.18.

Marqeta Company 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.