Marqeta, Inc. (NASDAQ:MQ) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its position in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) by 107.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 851,278 shares of the company's stock after purchasing an additional 441,617 shares during the quarter. Nordea Investment Management AB owned about 0.17% of Marqeta worth $3,265,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnetar Financial LLC purchased a new stake in shares of Marqeta in the second quarter worth about $61,000. Point72 DIFC Ltd purchased a new position in Marqeta in the 3rd quarter worth approximately $57,000. CreativeOne Wealth LLC acquired a new stake in Marqeta in the third quarter valued at approximately $59,000. XTX Topco Ltd purchased a new stake in shares of Marqeta during the second quarter valued at approximately $72,000. Finally, Castleview Partners LLC acquired a new position in shares of Marqeta during the third quarter worth $77,000. Institutional investors and hedge funds own 78.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MQ shares. KeyCorp lowered shares of Marqeta from an "overweight" rating to a "sector weight" rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their target price on Marqeta from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th. Morgan Stanley reduced their price target on Marqeta from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft downgraded Marqeta from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $9.00 to $4.00 in a report on Tuesday, November 5th. Finally, William Blair cut Marqeta from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.82.

Marqeta Stock Performance

Shares of Marqeta stock traded down $0.17 during trading hours on Friday, reaching $3.67. The company's stock had a trading volume of 4,119,403 shares, compared to its average volume of 3,461,334. Marqeta, Inc. has a one year low of $3.37 and a one year high of $7.36. The company's 50 day simple moving average is $3.90 and its 200 day simple moving average is $4.76. The stock has a market cap of $1.84 billion, a P/E ratio of 183.50 and a beta of 1.52.

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

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.