Wellington Management Group LLP purchased a new position in Marqeta, Inc. (NASDAQ:MQ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,202,459 shares of the company's stock, valued at approximately $19,717,000. Wellington Management Group LLP owned 1.04% of Marqeta as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Verition Fund Management LLC increased its stake in shares of Marqeta by 45.5% in the 3rd quarter. Verition Fund Management LLC now owns 69,163 shares of the company's stock valued at $340,000 after acquiring an additional 21,625 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Marqeta during the 3rd quarter worth about $57,000. Weiss Asset Management LP acquired a new stake in shares of Marqeta in the 3rd quarter valued at about $1,104,000. XTX Topco Ltd increased its position in Marqeta by 1,359.0% in the 3rd quarter. XTX Topco Ltd now owns 191,586 shares of the company's stock valued at $943,000 after buying an additional 178,455 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Marqeta during the 3rd quarter worth approximately $339,000. 78.64% of the stock is owned by institutional investors.
Marqeta Price Performance
Shares of MQ traded up $0.01 during midday trading on Friday, hitting $3.85. 5,402,003 shares of the company traded hands, compared to its average volume of 5,692,411. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.01. The firm has a market cap of $1.94 billion, a P/E ratio of 192.50 and a beta of 1.42. The stock has a 50-day moving average of $3.99 and a 200-day moving average of $4.15.
Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.05. The firm had revenue of $135.79 million for the quarter, compared to analysts' expectations of $132.71 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. Sell-side analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MQ. Keefe, Bruyette & Woods reduced their price objective on shares of 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 target price on Marqeta from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Finally, Barclays reiterated an "equal weight" rating and issued a $4.00 target price (down previously from $5.00) on shares of Marqeta in a research note on Tuesday, December 17th. 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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.29.
View Our Latest Research Report on MQ
About Marqeta
(
Free Report)
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.
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