Stock Traders Buy Large Volume of Marqeta Call Options (NASDAQ:MQ)

Marqeta, Inc. (NASDAQ:MQ - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Traders bought 8,064 call options on the company. This represents an increase of 134% compared to the typical daily volume of 3,450 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. KeyCorp lowered shares of Marqeta from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of Marqeta from $6.00 to $5.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Barclays restated an "equal weight" rating and issued a $4.00 price target (down from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. William Blair downgraded shares of Marqeta from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group increased their price objective on shares of Marqeta from $4.00 to $4.50 and gave the stock a "neutral" rating in a research note on Thursday. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.33.

Marqeta Price Performance

MQ stock traded down $0.05 on Monday, reaching $4.13. The company's stock had a trading volume of 8,497,647 shares, compared to its average volume of 5,330,101. Marqeta has a 52 week low of $3.37 and a 52 week high of $6.44. The company has a market capitalization of $2.07 billion, a P/E ratio of 206.50 and a beta of 1.52. The firm has a fifty day moving average of $3.78 and a two-hundred day moving average of $4.38.

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

Hedge Funds Weigh In On Marqeta

Several large investors have recently bought and sold shares of MQ. T. Rowe Price Investment Management Inc. bought a new stake in shares of Marqeta in the 4th quarter worth $72,879,000. Price T Rowe Associates Inc. MD grew its holdings in Marqeta by 5,396.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,169,103 shares of the company's stock worth $68,862,000 after acquiring an additional 17,838,535 shares during the period. Geode Capital Management LLC raised its position in Marqeta by 3.0% in the fourth 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. RPD Fund Management LLC acquired a new stake in Marqeta in the 4th quarter valued at about $37,289,000. Finally, Westfield Capital Management Co. LP lifted its holdings in Marqeta by 4.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 8,333,453 shares of the company's stock valued at $41,001,000 after acquiring an additional 319,661 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.

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.