Lighthouse Investment Partners LLC Acquires Shares of 169,411 Marqeta, Inc. (NASDAQ:MQ)

Lighthouse Investment Partners LLC bought a new position in shares of 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 bought 169,411 shares of the company's stock, valued at approximately $642,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Headlands Technologies LLC bought a new position in Marqeta in the 4th quarter valued at about $33,000. Blueshift Asset Management LLC bought a new position in Marqeta in the 4th quarter valued at about $38,000. Covestor Ltd grew its position in Marqeta by 1,255.4% in the 4th quarter. Covestor Ltd now owns 10,030 shares of the company's stock valued at $38,000 after buying an additional 9,290 shares in the last quarter. Bank of Montreal Can increased its position in shares of Marqeta by 125.6% during the 4th quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock valued at $38,000 after purchasing an additional 49,243 shares during the period. Finally, Stifel Financial Corp bought a new stake in shares of Marqeta in the 4th quarter worth $41,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Marqeta Trading Down 0.1%

Shares of NASDAQ:MQ traded down $0.01 during midday trading on Tuesday, hitting $5.24. The company had a trading volume of 1,348,091 shares, compared to its average volume of 5,929,592. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $6.00. The firm has a fifty day simple moving average of $4.18 and a 200 day simple moving average of $3.98. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 261.75 and a beta of 1.41.

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

Analyst Ratings Changes

A number of research firms have recently commented on MQ. The Goldman Sachs Group dropped their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. UBS Group boosted their price objective on Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. raised Marqeta from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $5.00 to $6.00 in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective on Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a research note on Thursday, May 8th. Finally, Barclays lifted 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. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.18.

Marqeta 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.