Barclays PLC Increases Position in Marqeta, Inc. (NASDAQ:MQ)

Barclays PLC boosted its holdings in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 29.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,113,475 shares of the company's stock after buying an additional 252,061 shares during the period. Barclays PLC owned approximately 0.22% of Marqeta worth $4,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Marqeta in the 4th quarter valued at $33,000. Covestor Ltd increased its holdings in shares of Marqeta by 1,255.4% in the fourth quarter. Covestor Ltd now owns 10,030 shares of the company's stock valued at $38,000 after purchasing an additional 9,290 shares during the period. Bank of Montreal Can raised its stake in shares of Marqeta by 125.6% in the fourth quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock worth $38,000 after purchasing an additional 49,243 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Marqeta during the fourth quarter worth about $38,000. Finally, Certuity LLC purchased a new stake in Marqeta in the fourth quarter valued at approximately $44,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Stock Down 1.8 %

Shares of MQ stock traded down $0.08 during trading hours on Thursday, hitting $4.11. 5,315,356 shares of the company's stock were exchanged, compared to its average volume of 5,703,789. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.01. The firm has a market cap of $2.07 billion, a P/E ratio of 204.75 and a beta of 1.42. The firm has a 50 day moving average of $4.04 and a two-hundred day moving average of $4.07.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on MQ. Keefe, Bruyette & Woods dropped their price objective 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. Wells Fargo & Company decreased 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. Finally, The Goldman Sachs Group cut their price target on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $5.29.

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.