61,997 Shares in Marqeta, Inc. (NASDAQ:MQ) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Marqeta, Inc. (NASDAQ:MQ - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 61,997 shares of the company's stock, valued at approximately $235,000.

Several other hedge funds have also bought and sold shares of the stock. Blueshift Asset Management LLC bought a new position in shares of Marqeta during the 4th quarter valued at about $38,000. Certuity LLC purchased a new stake in Marqeta in the fourth quarter worth approximately $44,000. apricus wealth LLC purchased a new stake in Marqeta in the fourth quarter worth approximately $51,000. Point72 DIFC Ltd bought a new position in Marqeta during the third quarter valued at approximately $57,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of Marqeta during the third quarter worth approximately $59,000. 78.64% of the stock is currently owned by institutional investors.

Marqeta Price Performance

Shares of MQ stock remained flat at $4.25 during trading hours on Wednesday. The stock had a trading volume of 4,343,117 shares, compared to its average volume of 5,569,063. Marqeta, Inc. has a 12-month low of $3.37 and a 12-month high of $6.25. The company has a market capitalization of $2.14 billion, a PE ratio of 212.50 and a beta of 1.49. The business's 50 day moving average is $3.99 and its two-hundred day moving average is $4.22.

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

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MQ. Wells Fargo & Company cut their price objective on shares of Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of Marqeta from $4.50 to $4.00 and set a "neutral" rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods decreased their price objective on Marqeta from $5.00 to $4.00 and set a "market perform" rating on the stock in a report on Monday, January 6th. Finally, Barclays reissued an "equal weight" rating and issued a $4.00 target price (down previously from $5.00) on shares of Marqeta in a research note on Tuesday, December 17th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $5.29.

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.