Jump Financial LLC Has $626,000 Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Jump Financial LLC increased its holdings in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 103.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,194 shares of the company's stock after acquiring an additional 84,040 shares during the period. Jump Financial LLC's holdings in Marqeta were worth $626,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barclays PLC grew its position in Marqeta by 29.3% in the fourth quarter. Barclays PLC now owns 1,113,475 shares of the company's stock valued at $4,220,000 after acquiring an additional 252,061 shares during the period. Summit Investment Advisors Inc. boosted its stake in shares of Marqeta by 8.6% in the 4th quarter. Summit Investment Advisors Inc. now owns 49,615 shares of the company's stock valued at $188,000 after purchasing an additional 3,938 shares in the last quarter. Covestor Ltd grew its holdings in shares of Marqeta by 1,255.4% in the 4th quarter. Covestor Ltd now owns 10,030 shares of the company's stock worth $38,000 after purchasing an additional 9,290 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Marqeta during the 4th quarter worth about $288,000. Finally, Legal & General Group Plc lifted its holdings in Marqeta by 7.9% during the 4th quarter. Legal & General Group Plc now owns 470,747 shares of the company's stock valued at $1,784,000 after purchasing an additional 34,664 shares during the last quarter. Institutional investors own 78.64% of the company's stock.

Marqeta Stock Up 2.1 %

MQ stock opened at $3.90 on Thursday. The business has a fifty day moving average of $4.01 and a 200-day moving average of $4.10. The company has a market cap of $1.97 billion, a P/E ratio of 195.00 and a beta of 1.42. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.01.

Marqeta (NASDAQ:MQ - Get Free Report) last released 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 company had revenue of $135.79 million for 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%. As a group, equities research analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MQ. Wells Fargo & Company decreased their price objective on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 16th. Keefe, Bruyette & Woods dropped their price target on Marqeta from $5.00 to $4.00 and set a "market perform" rating for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group cut their price objective on Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Marqeta presently 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.

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