Marshall Wace LLP Trims Holdings in Marqeta, Inc. (NASDAQ:MQ)

Marshall Wace LLP reduced its stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 268,279 shares of the company's stock after selling 276,315 shares during the period. Marshall Wace LLP owned 0.05% of Marqeta worth $1,017,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new position in shares of Marqeta in the fourth quarter valued at $19,717,000. Norges Bank bought a new position in Marqeta in the 4th quarter valued at about $8,052,000. JPMorgan Chase & Co. boosted its stake in Marqeta by 263.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,893 shares of the company's stock valued at $6,499,000 after purchasing an additional 956,992 shares during the last quarter. Barclays PLC increased its holdings in Marqeta by 226.4% during the 3rd quarter. Barclays PLC now owns 861,414 shares of the company's stock worth $4,238,000 after purchasing an additional 597,539 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Marqeta by 107.8% in the fourth quarter. Nordea Investment Management AB now owns 851,278 shares of the company's stock worth $3,265,000 after purchasing an additional 441,617 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Marqeta Price Performance

Shares of Marqeta stock traded up $0.02 on Tuesday, reaching $3.82. 958,950 shares of the company traded hands, compared to its average volume of 6,277,805. The firm has a market capitalization of $1.92 billion, a PE ratio of 190.75 and a beta of 1.41. The company has a 50 day moving average of $4.06 and a 200 day moving average of $4.03. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $6.01.

Marqeta (NASDAQ:MQ - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.05. The business had revenue of $135.79 million during the quarter, compared to analyst estimates of $132.71 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. As a group, analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Marqeta from $5.00 to $4.00 and set a "market perform" rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company cut their price objective 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. Finally, The Goldman Sachs Group lowered their target price on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Marqeta has a consensus rating of "Hold" and a consensus target price of $5.29.

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.