3,630,916 Shares in Marqeta, Inc. (NASDAQ:MQ) Purchased by Moore Capital Management LP

Moore Capital Management LP purchased a new stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

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

Wall Street Analysts Forecast Growth

MQ has been the topic of several recent research reports. UBS Group raised their price target on Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Barclays upped their price target on Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a research note on Monday. Wells Fargo & Company reduced their price objective 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. 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 research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a report on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $5.09.

Marqeta Stock Up 2.0%

MQ traded up $0.10 during trading on Thursday, hitting $5.00. The company had a trading volume of 12,502,423 shares, compared to its average volume of 5,897,891. The firm's 50-day moving average price is $4.11 and its 200 day moving average price is $4.01. The company has a market capitalization of $2.52 billion, a PE ratio of 250.00 and a beta of 1.41. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.00.

Marqeta (NASDAQ:MQ - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $135.66 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The company's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) earnings per share. Sell-side analysts forecast 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.