American Century Companies Inc. Buys 154,530 Shares of Marqeta, Inc. (NASDAQ:MQ)

American Century Companies Inc. boosted its stake in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 663,165 shares of the company's stock after purchasing an additional 154,530 shares during the quarter. American Century Companies Inc. owned about 0.13% of Marqeta worth $2,513,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MQ. Verition Fund Management LLC raised its holdings in shares of Marqeta by 45.5% during the 3rd quarter. Verition Fund Management LLC now owns 69,163 shares of the company's stock worth $340,000 after buying an additional 21,625 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Marqeta during the third quarter worth about $57,000. Weiss Asset Management LP bought a new position in shares of Marqeta in the third quarter worth about $1,104,000. XTX Topco Ltd boosted its stake in shares of 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 purchasing an additional 178,455 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Marqeta during the 3rd quarter valued at approximately $339,000. 78.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MQ shares. Barclays restated an "equal weight" rating and set a $4.00 price objective (down previously from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. The Goldman Sachs Group decreased their price target on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their target price on Marqeta from $5.00 to $4.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.29.

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Marqeta Trading Up 0.3 %

Shares of MQ traded up $0.01 on Friday, reaching $3.85. The company's stock had a trading volume of 5,402,003 shares, compared to its average volume of 5,692,411. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.01. The stock has a market capitalization of $1.94 billion, a PE ratio of 192.50 and a beta of 1.42. The firm has a fifty 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) EPS for the quarter, beating analysts' consensus estimates of ($0.10) by $0.05. The business had revenue of $135.79 million during 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%. As a group, equities analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current fiscal 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.