Marqeta, Inc. (NASDAQ:MQ - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders purchased 8,064 call options on the company. This represents an increase of approximately 134% compared to the average volume of 3,450 call options.
Institutional Trading of Marqeta
A number of institutional investors and hedge funds have recently made changes to their positions in MQ. T. Rowe Price Investment Management Inc. bought a new stake in Marqeta during the fourth quarter worth approximately $72,879,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Marqeta by 5,396.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,169,103 shares of the company's stock worth $68,862,000 after buying an additional 17,838,535 shares during the period. RPD Fund Management LLC bought a new stake in shares of Marqeta during the 4th quarter worth $37,289,000. Wellington Management Group LLP bought a new stake in shares of Marqeta during the 4th quarter worth $19,717,000. Finally, North Reef Capital Management LP grew its stake in Marqeta by 99.7% in the 4th quarter. North Reef Capital Management LP now owns 7,786,999 shares of the company's stock valued at $29,513,000 after buying an additional 3,886,999 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently commented on MQ shares. 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 price target on Marqeta from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. Susquehanna reduced their price objective on Marqeta from $9.00 to $7.00 and set a "positive" rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company decreased their price objective on Marqeta from $5.00 to $4.00 and set an "equal weight" rating for the company in a research report on Thursday, January 16th. Finally, Mizuho reduced their price target on shares of Marqeta from $7.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $5.33.
Check Out Our Latest Stock Analysis on Marqeta
Marqeta Price Performance
NASDAQ:MQ traded down $0.05 during mid-day trading on Monday, reaching $4.13. The stock had a trading volume of 8,497,647 shares, compared to its average volume of 5,330,101. The stock has a market cap of $2.07 billion, a P/E ratio of 206.50 and a beta of 1.52. The business's 50 day moving average is $3.78 and its 200 day moving average is $4.38. Marqeta has a fifty-two week low of $3.37 and a fifty-two week high of $6.44.
Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.05. The business had revenue of $135.79 million during the quarter, compared to analyst estimates of $132.71 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. Equities analysts expect that Marqeta will post 0.06 EPS for the current year.
About Marqeta
(
Get Free Report)
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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