Corient Private Wealth LLC Has $475,000 Stock Position in Marqeta, Inc. (NASDAQ:MQ)

Corient Private Wealth LLC lifted its position in Marqeta, Inc. (NASDAQ:MQ - Free Report) by 438.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,393 shares of the company's stock after buying an additional 102,100 shares during the quarter. Corient Private Wealth LLC's holdings in Marqeta were worth $475,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MQ. JPMorgan Chase & Co. increased its holdings in shares of Marqeta by 263.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,320,893 shares of the company's stock worth $6,499,000 after acquiring an additional 956,992 shares during the last quarter. Congress Asset Management Co. boosted its holdings in shares of Marqeta by 7.6% during the 4th quarter. Congress Asset Management Co. now owns 1,135,842 shares of the company's stock worth $4,305,000 after buying an additional 80,161 shares during the period. Barclays PLC raised its holdings in Marqeta by 226.4% in the 3rd quarter. Barclays PLC now owns 861,414 shares of the company's stock valued at $4,238,000 after acquiring an additional 597,539 shares during the period. Nordea Investment Management AB lifted its position in Marqeta by 107.8% during the fourth quarter. Nordea Investment Management AB now owns 851,278 shares of the company's stock worth $3,265,000 after acquiring an additional 441,617 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Marqeta by 2.5% during the fourth quarter. Swiss National Bank now owns 788,900 shares of the company's stock worth $2,990,000 after acquiring an additional 19,100 shares during the period. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analysts Set New Price Targets

MQ has been the subject of several recent research reports. Barclays restated an "equal weight" rating and issued a $4.00 price target (down from $5.00) on shares of Marqeta in a research note on Tuesday, December 17th. Keefe, Bruyette & Woods decreased their price target on shares of Marqeta from $5.00 to $4.00 and set a "market perform" rating on the stock in a research note on Monday, January 6th. 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. Finally, Wells Fargo & Company decreased their target price on shares of 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's stock. Based on data from MarketBeat, Marqeta currently has a consensus rating of "Hold" and a consensus price target of $5.29.

Marqeta Stock Performance

MQ remained flat at $4.25 during trading on Wednesday. 4,343,117 shares of the company's stock traded hands, compared to its average volume of 5,569,063. The business's fifty day moving average is $3.99 and its 200 day moving average is $4.22. Marqeta, Inc. has a 1-year low of $3.37 and a 1-year high of $6.25. The firm has a market cap of $2.14 billion, a P/E ratio of 212.50 and a beta of 1.49.

Marqeta (NASDAQ:MQ - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The company reported ($0.05) 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 analysts' expectations of $132.71 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. On average, analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current year.

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.