Sora Investors LLC Buys New Shares in Marqeta, Inc. (NASDAQ:MQ)

Sora Investors LLC bought a new position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. RPD Fund Management LLC acquired a new position in shares of Marqeta during the fourth quarter worth approximately $37,289,000. ProShare Advisors LLC lifted its holdings in Marqeta by 51.6% in the fourth quarter. ProShare Advisors LLC now owns 133,567 shares of the company's stock valued at $506,000 after buying an additional 45,466 shares during the period. Numerai GP LLC bought a new position in Marqeta in the fourth quarter valued at approximately $107,000. Millennium Management LLC grew its holdings in Marqeta by 110.6% during the 4th quarter. Millennium Management LLC now owns 3,620,476 shares of the company's stock worth $13,722,000 after acquiring an additional 1,901,695 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Marqeta by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 269,784 shares of the company's stock valued at $1,022,000 after acquiring an additional 14,547 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MQ shares. Keefe, Bruyette & Woods increased their price target on Marqeta from $4.00 to $4.50 and gave the company a "market perform" rating in a research note on Thursday, May 8th. UBS Group raised 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. JPMorgan Chase & Co. raised Marqeta from a "neutral" rating to an "overweight" rating and upped their price target for the company from $5.00 to $6.00 in a research note on Monday. The Goldman Sachs Group cut their price target on shares of 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 boosted their price objective on shares of Marqeta from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $5.18.

Marqeta Price Performance

Shares of Marqeta stock traded up $0.20 on Monday, hitting $5.24. The company had a trading volume of 10,579,850 shares, compared to its average volume of 5,947,761. The stock has a 50-day moving average of $4.15 and a 200-day moving average of $3.98. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.00. The firm has a market capitalization of $2.64 billion, a P/E ratio of 262.00 and a beta of 1.41.

Marqeta (NASDAQ:MQ - Get Free Report) last released 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. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The firm had revenue of $139.07 million during the quarter, compared to analysts' expectations of $135.66 million. During the same quarter in the prior year, the company earned ($0.07) EPS. The company's revenue was up 17.9% on a year-over-year basis. Equities analysts predict that Marqeta, Inc. will post 0.06 EPS for the current year.

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.