Raymond James Financial Inc. purchased a new position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,929 shares of the company's stock, valued at approximately $288,000.
Other institutional investors have also made changes to their positions in the company. Legal & General Group Plc increased its position in Marqeta by 7.9% in the 4th quarter. Legal & General Group Plc now owns 470,747 shares of the company's stock worth $1,784,000 after purchasing an additional 34,664 shares during the last quarter. Invesco Ltd. increased its holdings in Marqeta by 3.7% in the fourth quarter. Invesco Ltd. now owns 5,385,646 shares of the company's stock worth $20,412,000 after buying an additional 193,590 shares during the last quarter. Bank of Montreal Can raised its position in Marqeta by 125.6% during 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 in the last quarter. Wells Fargo & Company MN lifted its stake in Marqeta by 45.4% in the fourth quarter. Wells Fargo & Company MN now owns 236,696 shares of the company's stock valued at $897,000 after acquiring an additional 73,851 shares during the last quarter. Finally, RPO LLC bought a new stake in Marqeta in the fourth quarter worth approximately $58,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.
Marqeta Trading Up 1.4%
Shares of MQ traded up $0.07 during mid-day trading on Wednesday, hitting $4.90. 9,647,128 shares of the company traded hands, compared to its average volume of 5,869,629. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 245.00 and a beta of 1.41. The business has a 50-day moving average of $4.09 and a 200 day moving average of $4.01. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.01.
Marqeta (NASDAQ:MQ - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The company had revenue of $139.07 million during the quarter, compared to analysts' expectations of $135.66 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the firm earned ($0.07) EPS. As a group, analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current year.
Analyst Ratings Changes
MQ has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods raised 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 shares of Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Finally, Barclays boosted their price objective on shares of Marqeta from $4.00 to $5.00 and gave the stock an "equal weight" rating in a report on Monday. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.09.
Check Out Our Latest Analysis on MQ
Marqeta Company Profile
(
Free Report)
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.
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