180,031 Shares in Marqeta, Inc. (NASDAQ:MQ) Purchased by Jump Financial LLC

Jump Financial LLC acquired a new stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 180,031 shares of the company's stock, valued at approximately $1,257,000.

A number of other institutional investors have also recently made changes to their positions in the company. Versor Investments LP purchased a new position in shares of Marqeta during the fourth quarter valued at about $154,000. Sapient Capital LLC purchased a new position in Marqeta in the fourth quarter worth about $236,000. Victory Capital Management Inc. grew its position in Marqeta by 25.5% in the fourth quarter. Victory Capital Management Inc. now owns 51,838 shares of the company's stock worth $362,000 after acquiring an additional 10,518 shares in the last quarter. Brighton Jones LLC grew its position in Marqeta by 64.4% in the fourth quarter. Brighton Jones LLC now owns 21,575 shares of the company's stock worth $151,000 after acquiring an additional 8,453 shares in the last quarter. Finally, Yoder Wealth Management Inc. purchased a new position in Marqeta in the fourth quarter worth about $107,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Marqeta Stock Down 0.4 %

Shares of MQ traded down $0.02 during trading hours on Friday, reaching $5.63. 2,392,751 shares of the company traded hands, compared to its average volume of 5,101,834. The business has a fifty day moving average price of $5.76 and a 200-day moving average price of $6.07. Marqeta, Inc. has a 12-month low of $4.19 and a 12-month high of $7.36. The stock has a market capitalization of $2.89 billion, a P/E ratio of -15.69 and a beta of 1.81.

Marqeta (NASDAQ:MQ - Get Free Report) last released its earnings results on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.01. Marqeta had a negative return on equity of 11.84% and a negative net margin of 32.98%. The firm had revenue of $117.90 million during the quarter, compared to the consensus estimate of $117.05 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company's revenue was down 45.8% compared to the same quarter last year. As a group, research analysts predict that Marqeta, Inc. will post -0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays dropped their target price on Marqeta from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Thursday, May 9th. William Blair restated an "outperform" rating on shares of Marqeta in a research report on Wednesday, May 8th. Wedbush restated a "neutral" rating and set a $6.00 target price on shares of Marqeta in a research report on Wednesday, May 8th. Keefe, Bruyette & Woods boosted their target price on Marqeta from $7.00 to $8.00 and gave the company a "market perform" rating in a research report on Friday, March 1st. Finally, Truist Financial restated a "buy" rating and set a $10.00 target price (up previously from $9.00) on shares of Marqeta in a research report on Thursday, February 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.43.

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.