1,040,749 Shares in Marqeta, Inc. (NASDAQ:MQ) Acquired by Sora Investors LLC

Sora Investors LLC bought a new stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,040,749 shares of the company's stock, valued at approximately $3,944,000. Sora Investors LLC owned approximately 0.21% of Marqeta as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MQ. Headlands Technologies LLC purchased a new stake in Marqeta during the fourth quarter worth about $33,000. Blueshift Asset Management LLC acquired a new stake in shares of Marqeta in the 4th quarter worth approximately $38,000. Covestor Ltd increased its stake in Marqeta by 1,255.4% in the 4th quarter. Covestor Ltd now owns 10,030 shares of the company's stock valued at $38,000 after purchasing an additional 9,290 shares in the last quarter. Bank of Montreal Can raised its holdings in Marqeta by 125.6% during the fourth quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock worth $38,000 after purchasing an additional 49,243 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Marqeta during the 4th quarter worth $41,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MQ shares. Keefe, Bruyette & Woods lifted their target price on shares of Marqeta from $4.00 to $4.50 and gave the stock a "market perform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised Marqeta from a "neutral" rating to an "overweight" rating and upped their target price for the company from $5.00 to $6.00 in a research note on Monday. Barclays lifted their target price on Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. The Goldman Sachs Group cut their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Finally, UBS Group boosted their target price on Marqeta from $4.75 to $5.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Marqeta has a consensus rating of "Hold" and an average target price of $5.18.

Marqeta Trading Up 0.7%

NASDAQ MQ traded up $0.04 during trading hours on Wednesday, reaching $5.26. 4,768,360 shares of the company traded hands, compared to its average volume of 5,972,870. The company has a 50 day moving average of $4.20 and a two-hundred day moving average of $3.98. The stock has a market capitalization of $2.46 billion, a PE ratio of 263.25 and a beta of 1.41. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $6.00.

Marqeta (NASDAQ:MQ - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.03. The firm had revenue of $139.07 million for the quarter, compared to analysts' expectations of $135.66 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. Marqeta's revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) earnings per share. On average, equities research analysts anticipate 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.