Jump Financial LLC Has $626,000 Holdings in Marqeta, Inc. (NASDAQ:MQ)

Jump Financial LLC lifted its stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 103.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 165,194 shares of the company's stock after purchasing an additional 84,040 shares during the quarter. Jump Financial LLC's holdings in Marqeta were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MQ. Barclays PLC increased its stake in Marqeta by 29.3% in the 4th quarter. Barclays PLC now owns 1,113,475 shares of the company's stock valued at $4,220,000 after buying an additional 252,061 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Marqeta by 8.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 49,615 shares of the company's stock worth $188,000 after acquiring an additional 3,938 shares during the last quarter. Covestor Ltd raised its holdings in shares of Marqeta by 1,255.4% during the fourth quarter. Covestor Ltd now owns 10,030 shares of the company's stock worth $38,000 after acquiring an additional 9,290 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Marqeta during the fourth quarter valued at $288,000. Finally, Legal & General Group Plc grew its stake in Marqeta by 7.9% in the fourth quarter. Legal & General Group Plc now owns 470,747 shares of the company's stock valued at $1,784,000 after purchasing an additional 34,664 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company's stock.

Wall Street Analyst Weigh In

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

Marqeta Stock Performance

Shares of NASDAQ:MQ traded up $0.07 on Tuesday, hitting $4.04. 798,941 shares of the company were exchanged, compared to its average volume of 5,684,075. The company's 50 day moving average price is $4.03 and its two-hundred day moving average price is $4.07. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 201.75 and a beta of 1.42. 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, February 26th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.05. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The firm had revenue of $135.79 million during the quarter, compared to analysts' expectations of $132.71 million. Research analysts predict that Marqeta, Inc. will post 0.06 earnings per share for the current 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.