Moore Capital Management LP Makes New Investment in Marqeta, Inc. (NASDAQ:MQ)

Moore Capital Management LP purchased a new position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,630,916 shares of the company's stock, valued at approximately $13,761,000. Moore Capital Management LP owned about 0.72% of Marqeta at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MQ. Headlands Technologies LLC purchased a new position in Marqeta in the 4th quarter valued at approximately $33,000. Covestor Ltd boosted 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 purchasing an additional 9,290 shares during the last quarter. Bank of Montreal Can boosted its holdings in Marqeta by 125.6% in the fourth quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock valued at $38,000 after acquiring an additional 49,243 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Marqeta in the fourth quarter valued at $38,000. Finally, Stifel Financial Corp acquired a new position in Marqeta in the fourth quarter valued at $41,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Marqeta Stock Up 0.8%

MQ stock traded up $0.04 during midday trading on Friday, reaching $5.04. The company had a trading volume of 7,291,543 shares, compared to its average volume of 5,914,750. The stock has a 50 day moving average price of $4.15 and a 200 day moving average price of $4.00. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.00. The firm has a market capitalization of $2.54 billion, a PE ratio of 252.00 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) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. The company had revenue of $139.07 million during the quarter, compared to the consensus estimate of $135.66 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. Marqeta's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. Research analysts predict that Marqeta, Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on MQ shares. Keefe, Bruyette & Woods lifted their target price on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a report on Thursday, May 8th. UBS Group raised their price objective on Marqeta from $4.75 to $5.00 and gave the company a "neutral" rating in a research report on Thursday, May 8th. The Goldman Sachs Group dropped their target price on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Finally, Barclays lifted their target price on Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $5.09.

About Marqeta

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.