Voya Investment Management LLC Grows Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Voya Investment Management LLC lifted its holdings in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 18.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,348 shares of the company's stock after purchasing an additional 140,340 shares during the quarter. Voya Investment Management LLC owned about 0.18% of Marqeta worth $3,355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in Marqeta by 2.5% in the 4th quarter. Arizona State Retirement System now owns 116,397 shares of the company's stock worth $441,000 after purchasing an additional 2,860 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Marqeta by 7.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,670 shares of the company's stock worth $174,000 after purchasing an additional 3,155 shares in the last quarter. Xponance Inc. increased its holdings in shares of Marqeta by 11.5% during the 4th quarter. Xponance Inc. now owns 34,314 shares of the company's stock valued at $130,000 after purchasing an additional 3,546 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Marqeta by 8.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 49,615 shares of the company's stock valued at $188,000 after purchasing an additional 3,938 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Marqeta by 36.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,312 shares of the company's stock valued at $73,000 after buying an additional 5,154 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on MQ. The Goldman Sachs Group reduced their price target on Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on Marqeta from $5.00 to $4.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $5.29.

Marqeta Stock Up 3.3 %

Shares of MQ traded up $0.13 during trading on Wednesday, reaching $4.03. 3,028,719 shares of the company traded hands, compared to its average volume of 5,748,063. The stock has a market cap of $2.03 billion, a PE ratio of 200.75 and a beta of 1.41. The stock has a 50-day simple moving average of $4.05 and a 200-day simple moving average of $4.03. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.01.

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