J. Goldman & Co LP Makes New $1.05 Million Investment in Marqeta, Inc. (NASDAQ:MQ)

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

A number of other institutional investors have also bought and sold shares of MQ. T. Rowe Price Investment Management Inc. acquired a new position in shares of Marqeta during the fourth quarter valued at about $72,879,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Marqeta by 5,396.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,169,103 shares of the company's stock valued at $68,862,000 after purchasing an additional 17,838,535 shares during the period. Geode Capital Management LLC raised its holdings in shares of Marqeta by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 11,031,591 shares of the company's stock worth $41,819,000 after acquiring an additional 318,184 shares during the last quarter. North Reef Capital Management LP raised its holdings in shares of 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, Invesco Ltd. raised its holdings in shares of Marqeta by 3.7% in the 4th quarter. Invesco Ltd. now owns 5,385,646 shares of the company's stock worth $20,412,000 after acquiring an additional 193,590 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

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

Marqeta Trading Up 2.0%

Shares of NASDAQ:MQ traded up $0.10 during mid-day trading on Thursday, reaching $5.00. The company had a trading volume of 12,502,423 shares, compared to its average volume of 5,904,429. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 250.00 and a beta of 1.41. The company's 50-day moving average price is $4.11 and its 200-day moving average price is $4.01. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.01.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $139.07 million for the quarter, compared to analysts' expectations of $135.66 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. Marqeta's revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, research analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

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.