Marqeta, Inc. (NASDAQ:MQ) Stock Holdings Lifted by Invesco Ltd.

Invesco Ltd. increased its position in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,385,646 shares of the company's stock after buying an additional 193,590 shares during the period. Invesco Ltd. owned about 1.07% of Marqeta worth $20,412,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MQ. Barclays PLC grew its holdings in Marqeta by 226.4% in the 3rd quarter. Barclays PLC now owns 861,414 shares of the company's stock valued at $4,238,000 after buying an additional 597,539 shares during the period. JPMorgan Chase & Co. boosted its holdings in Marqeta by 263.0% in the third quarter. JPMorgan Chase & Co. now owns 1,320,893 shares of the company's stock valued at $6,499,000 after acquiring an additional 956,992 shares during the last quarter. Nordea Investment Management AB grew its position in Marqeta by 107.8% during the fourth quarter. Nordea Investment Management AB now owns 851,278 shares of the company's stock valued at $3,265,000 after acquiring an additional 441,617 shares during the period. Tallon Kerry Patrick acquired a new stake in Marqeta during the fourth quarter worth about $98,000. Finally, apricus wealth LLC purchased a new position in shares of Marqeta in the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Marqeta Stock Performance

Shares of NASDAQ:MQ traded up $0.07 during trading on Thursday, hitting $3.97. The company's stock had a trading volume of 502,076 shares, compared to its average volume of 5,675,919. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.01. The stock's 50-day moving average price is $4.01 and its two-hundred day moving average price is $4.10. The company has a market capitalization of $2.00 billion, a PE ratio of 196.95 and a beta of 1.42.

Marqeta (NASDAQ:MQ - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.05. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The business had revenue of $135.79 million during the quarter, compared to analyst estimates of $132.71 million. On average, equities analysts predict that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Marqeta from $5.00 to $4.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Marqeta presently has a consensus rating of "Hold" and a consensus price target of $5.29.

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.