XTX Topco Ltd Sells 139,134 Shares of Marqeta, Inc. (NASDAQ:MQ)

XTX Topco Ltd reduced its holdings in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 72.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,452 shares of the company's stock after selling 139,134 shares during the quarter. XTX Topco Ltd's holdings in Marqeta were worth $199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Marqeta in the fourth quarter worth about $33,000. Blueshift Asset Management LLC purchased a new stake in Marqeta in the 4th quarter worth approximately $38,000. Covestor Ltd lifted its stake in Marqeta by 1,255.4% in the 4th quarter. Covestor Ltd now owns 10,030 shares of the company's stock worth $38,000 after purchasing an additional 9,290 shares in the last quarter. Bank of Montreal Can boosted its holdings in Marqeta by 125.6% in the 4th quarter. Bank of Montreal Can now owns 10,030 shares of the company's stock valued at $38,000 after purchasing an additional 49,243 shares during the period. Finally, Certuity LLC purchased a new position in shares of Marqeta during the 4th quarter valued at $44,000. 78.64% of the stock is owned by institutional investors.

Marqeta Trading Down 5.7 %

Shares of NASDAQ:MQ traded down $0.24 on Friday, reaching $3.86. 2,898,693 shares of the company traded hands, compared to its average volume of 5,706,409. The stock has a market capitalization of $1.94 billion, a P/E ratio of 193.25 and a beta of 1.42. The business's 50-day simple moving average is $4.05 and its 200 day simple moving average is $4.06. 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 issued its earnings results on Wednesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.05. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm had revenue of $135.79 million for the quarter, compared to analysts' expectations of $132.71 million. Sell-side analysts expect that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MQ. 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. The Goldman Sachs Group dropped their price target on Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on Marqeta from $5.00 to $4.00 and set a "market perform" rating for the company in a report on Monday, January 6th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $5.29.

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.