Invesco Ltd. Buys 193,590 Shares of Marqeta, Inc. (NASDAQ:MQ)

Invesco Ltd. grew its holdings in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,385,646 shares of the company's stock after acquiring an additional 193,590 shares during the period. Invesco Ltd. owned about 1.07% of Marqeta worth $20,412,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Headlands Technologies LLC acquired a new position in Marqeta in the fourth quarter valued at $33,000. Blueshift Asset Management LLC purchased a new position in shares of Marqeta during the fourth quarter worth about $38,000. Bank of Montreal Can increased its position 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 acquiring an additional 49,243 shares during the period. Certuity LLC purchased a new stake in Marqeta during the 4th quarter valued at approximately $44,000. Finally, apricus wealth LLC acquired a new stake in Marqeta during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 78.64% of the company's stock.

Marqeta Trading Up 1.5 %

Marqeta stock traded up $0.06 during mid-day trading on Wednesday, hitting $3.88. 3,972,311 shares of the company's stock were exchanged, compared to its average volume of 5,684,109. Marqeta, Inc. has a 1-year low of $3.37 and a 1-year high of $6.01. The stock has a 50 day moving average of $4.01 and a two-hundred day moving average of $4.10. The stock has a market cap of $1.96 billion, a P/E ratio of 194.25 and a beta of 1.42.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MQ shares. Wells Fargo & Company decreased their price target on Marqeta from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group dropped their price objective on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their target price 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. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Marqeta has an average 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.