Graham Capital Management L.P. Raises Holdings in Marqeta, Inc. (NASDAQ:MQ)

Graham Capital Management L.P. grew its stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 121.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,955 shares of the company's stock after buying an additional 268,399 shares during the period. Graham Capital Management L.P. owned 0.10% of Marqeta worth $1,853,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MQ. T. Rowe Price Investment Management Inc. bought a new stake in Marqeta during the 4th quarter valued at approximately $72,879,000. Price T Rowe Associates Inc. MD increased its stake in Marqeta by 5,396.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,169,103 shares of the company's stock worth $68,862,000 after acquiring an additional 17,838,535 shares during the last quarter. Wellington Management Group LLP bought a new stake in Marqeta in the 4th quarter worth approximately $19,717,000. North Reef Capital Management LP increased its stake in Marqeta by 99.7% in the 4th quarter. North Reef Capital Management LP now owns 7,786,999 shares of the company's stock worth $29,513,000 after acquiring an additional 3,886,999 shares during the last quarter. Finally, Norges Bank bought a new stake in Marqeta in the 4th quarter worth approximately $8,052,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MQ. UBS Group lifted their price objective on Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Barclays lifted their price objective on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Marqeta currently has a consensus rating of "Hold" and an average target price of $5.09.

Marqeta Trading Up 0.8%

Shares of NASDAQ MQ traded up $0.04 during trading hours on Friday, hitting $5.04. 7,291,543 shares of the company traded hands, compared to its average volume of 5,928,892. The company's 50 day moving average price is $4.15 and its 200 day moving average price is $3.99. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $6.00. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 252.00 and a beta of 1.41.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $135.66 million. During the same quarter in the previous year, the business earned ($0.07) EPS. Marqeta's revenue was up 17.9% compared to the same quarter last year. Equities analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current year.

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.