ExodusPoint Capital Management LP Purchases 421,147 Shares of Marqeta, Inc. (NASDAQ:MQ)

ExodusPoint Capital Management LP lifted its stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 299.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,921 shares of the company's stock after acquiring an additional 421,147 shares during the quarter. ExodusPoint Capital Management LP owned 0.11% of Marqeta worth $2,130,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Marqeta during the 4th quarter valued at $33,000. Geode Capital Management LLC boosted its stake in shares of Marqeta by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 11,031,591 shares of the company's stock worth $41,819,000 after acquiring an additional 318,184 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Marqeta during the 4th quarter valued at about $19,717,000. Norges Bank bought a new position in shares of Marqeta in the 4th quarter valued at approximately $8,052,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Marqeta by 60.5% in the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 22,953 shares of the company's stock worth $87,000 after purchasing an additional 8,651 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

Marqeta Stock Up 1.8 %

NASDAQ:MQ traded up $0.07 during mid-day trading on Monday, hitting $3.92. 520,764 shares of the stock traded hands, compared to its average volume of 5,672,067. The business's 50-day moving average price is $3.99 and its 200 day moving average price is $4.15. The company has a market cap of $1.98 billion, a PE ratio of 196.00 and a beta of 1.42. Marqeta, Inc. has a 12-month low of $3.37 and a 12-month high of $6.01.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on MQ shares. Barclays reiterated an "equal weight" rating and set a $4.00 price target (down from $5.00) on shares of Marqeta in a report on Tuesday, December 17th. Keefe, Bruyette & Woods dropped their price objective on shares of Marqeta from $5.00 to $4.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. The Goldman Sachs Group decreased 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. Finally, 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 research report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $5.29.

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.