Two Sigma Securities LLC Takes Position in Marqeta, Inc. (NASDAQ:MQ)

Two Sigma Securities LLC acquired a new stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 76,438 shares of the company's stock, valued at approximately $290,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. purchased a new position in Marqeta during the 4th quarter valued at about $72,879,000. Price T Rowe Associates Inc. MD increased its holdings in Marqeta by 5,396.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,169,103 shares of the company's stock valued at $68,862,000 after purchasing an additional 17,838,535 shares during the period. Geode Capital Management LLC raised its position in Marqeta by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 11,031,591 shares of the company's stock valued at $41,819,000 after purchasing an additional 318,184 shares during the last quarter. Invesco Ltd. grew its position in shares of Marqeta by 3.7% in the 4th 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. Finally, Wellington Management Group LLP purchased a new position in Marqeta during the 4th quarter valued at $19,717,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MQ shares. Keefe, Bruyette & Woods reduced their price target on Marqeta from $5.00 to $4.00 and set a "market perform" rating for the company in a report on Monday, January 6th. The Goldman Sachs Group cut their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company dropped their price objective on Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Marqeta currently has an average rating of "Hold" and an average target price of $5.29.

Marqeta Price Performance

Shares of MQ opened at $3.97 on Tuesday. The company has a 50-day simple moving average of $4.03 and a 200-day simple moving average of $4.07. The company has a market capitalization of $2.00 billion, a PE ratio of 198.50 and a beta of 1.42. Marqeta, Inc. has a 52-week low of $3.37 and a 52-week high of $6.01.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its earnings results on Wednesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.05. The firm had revenue of $135.79 million for the quarter, compared to analyst estimates of $132.71 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. On average, research analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current year.

Marqeta 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.

Want to see what other hedge funds are holding MQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Marqeta, Inc. (NASDAQ:MQ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.