Interval Partners LP Acquires Shares of 444,982 Marqeta, Inc. (NASDAQ:MQ)

Interval Partners LP purchased a new position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 444,982 shares of the company's stock, valued at approximately $1,686,000. Interval Partners LP owned 0.09% of Marqeta at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Congress Asset Management Co. grew its position in shares of Marqeta by 7.6% during the 4th quarter. Congress Asset Management Co. now owns 1,135,842 shares of the company's stock worth $4,305,000 after buying an additional 80,161 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Marqeta during the 4th quarter worth approximately $288,000. Xponance Inc. grew its position in shares of Marqeta by 11.5% during the 4th quarter. Xponance Inc. now owns 34,314 shares of the company's stock worth $130,000 after buying an additional 3,546 shares during the period. Northern Trust Corp grew its position in shares of Marqeta by 3.9% during the 4th quarter. Northern Trust Corp now owns 4,301,993 shares of the company's stock worth $16,305,000 after buying an additional 161,968 shares during the period. Finally, Mission Creek Capital Partners Inc. bought a new position in Marqeta during the 4th quarter worth approximately $778,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MQ shares. Keefe, Bruyette & Woods lifted their price objective 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. Barclays lifted their price objective on shares of Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. 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 research note on Wednesday, April 2nd. Finally, UBS Group upped their price target on shares of Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $5.09.

Marqeta Stock Up 0.8%

Shares of MQ stock traded up $0.04 during trading on Friday, reaching $5.04. The company's stock had a trading volume of 7,291,543 shares, compared to its average volume of 5,928,892. The business has a fifty day moving average price of $4.15 and a 200-day moving average price of $3.99. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 252.00 and a beta of 1.41. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.00.

Marqeta (NASDAQ:MQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The business had revenue of $139.07 million for the quarter, compared to analyst estimates of $135.66 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm's revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. Research 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.