GSA Capital Partners LLP Has $1.15 Million Stock Position in Marqeta, Inc. (NASDAQ:MQ)

GSA Capital Partners LLP grew its holdings in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 671.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 234,401 shares of the company's stock after buying an additional 204,026 shares during the period. GSA Capital Partners LLP's holdings in Marqeta were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Visa Foundation bought a new position in shares of Marqeta in the second quarter valued at $68,197,000. Capital International Investors lifted its holdings in shares of Marqeta by 203.1% during the first quarter. Capital International Investors now owns 6,878,815 shares of the company's stock valued at $40,998,000 after purchasing an additional 4,609,526 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Marqeta by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 47,435,778 shares of the company's stock valued at $282,717,000 after purchasing an additional 1,642,621 shares during the period. Westfield Capital Management Co. LP increased its stake in Marqeta by 27.6% in the 1st quarter. Westfield Capital Management Co. LP now owns 7,418,851 shares of the company's stock worth $44,216,000 after purchasing an additional 1,604,223 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Marqeta by 65.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,620,882 shares of the company's stock worth $14,362,000 after buying an additional 1,038,577 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Marqeta Trading Down 0.8 %

MQ traded down $0.03 during midday trading on Friday, reaching $3.93. The company's stock had a trading volume of 9,547,804 shares, compared to its average volume of 5,303,864. The company has a fifty day simple moving average of $4.91 and a 200 day simple moving average of $5.20. The stock has a market cap of $2.00 billion, a P/E ratio of 196.50 and a beta of 1.73. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $7.36.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The company had revenue of $127.90 million during the quarter, compared to analyst estimates of $128.05 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. The business's revenue for the quarter was up 20.8% on a year-over-year basis. Sell-side analysts expect that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Susquehanna lowered their price objective on shares of Marqeta from $9.00 to $7.00 and set a "positive" rating on the stock in a research report on Tuesday, November 5th. Mizuho reduced their price objective on Marqeta from $7.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company cut Marqeta from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $7.00 to $5.00 in a research note on Tuesday, November 5th. KeyCorp lowered shares of Marqeta from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, November 5th. Finally, UBS Group lowered their price objective on shares of Marqeta from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Marqeta has a consensus rating of "Hold" and a consensus target price of $6.27.

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.