Marqeta, Inc. (NASDAQ:MQ) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. increased its position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 121.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 488,955 shares of the company's stock after purchasing an additional 268,399 shares during the quarter. Graham Capital Management L.P. owned 0.10% of Marqeta worth $1,853,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Centiva Capital LP purchased a new position in Marqeta during the fourth quarter worth $288,000. Azora Capital LP purchased a new stake in Marqeta during the 4th quarter worth about $183,000. BNP Paribas Financial Markets acquired a new position in Marqeta in the 4th quarter valued at about $1,520,000. Ameriprise Financial Inc. purchased a new position in Marqeta in the 4th quarter valued at about $205,000. Finally, Algert Global LLC lifted its holdings in Marqeta by 26.7% in the 4th quarter. Algert Global LLC now owns 169,677 shares of the company's stock valued at $643,000 after purchasing an additional 35,781 shares in the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods boosted their price target on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a report on Thursday, May 8th. The Goldman Sachs Group reduced their price target on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Finally, Barclays upped 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. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $5.09.

Marqeta Trading Up 2.0%

Shares of Marqeta stock traded up $0.10 during trading hours on Thursday, reaching $5.00. The stock had a trading volume of 12,502,423 shares, compared to its average volume of 5,904,429. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 250.00 and a beta of 1.41. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $6.01. The firm has a 50 day simple moving average of $4.11 and a two-hundred day simple moving average of $4.01.

Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings data 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. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The company had revenue of $139.07 million during the quarter, compared to the consensus estimate of $135.66 million. During the same period in the previous year, the firm earned ($0.07) earnings per share. Marqeta's revenue for the quarter was up 17.9% on a year-over-year basis. Sell-side analysts forecast 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.