277,503 Shares in Marqeta, Inc. (NASDAQ:MQ) Acquired by J. Goldman & Co LP

J. Goldman & Co LP acquired a new stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 277,503 shares of the company's stock, valued at approximately $1,052,000. J. Goldman & Co LP owned 0.06% of Marqeta as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Jasper Ridge Partners L.P. increased its holdings in shares of Marqeta by 50.0% in the fourth quarter. Jasper Ridge Partners L.P. now owns 92,405 shares of the company's stock valued at $350,000 after purchasing an additional 30,803 shares during the period. Graham Capital Management L.P. grew its holdings in Marqeta by 121.7% during the fourth quarter. Graham Capital Management L.P. now owns 488,955 shares of the company's stock worth $1,853,000 after acquiring an additional 268,399 shares during the period. Centiva Capital LP acquired a new stake in Marqeta during the fourth quarter worth about $288,000. Azora Capital LP acquired a new stake in Marqeta during the fourth quarter worth about $183,000. Finally, BNP Paribas Financial Markets acquired a new stake in Marqeta during the fourth quarter worth about $1,520,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group dropped their target price on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. UBS Group raised their target price on Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Barclays raised their target price on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods raised their target price on Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Marqeta presently has a consensus rating of "Hold" and an average target price of $5.09.

Marqeta Stock Up 0.8%

Shares of NASDAQ MQ traded up $0.04 during midday trading on Friday, hitting $5.04. The stock had a trading volume of 7,291,543 shares, compared to its average volume of 5,928,892. The company has a market capitalization of $2.54 billion, a PE ratio of 252.00 and a beta of 1.41. The stock has a 50 day simple moving average of $4.15 and a 200-day simple moving average of $3.99. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $6.00.

Marqeta (NASDAQ:MQ - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $139.07 million for the quarter, compared to the consensus estimate of $135.66 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business's quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) earnings per share. As a group, analysts expect that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal 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.