297,968 Shares in Marqeta, Inc. (NASDAQ:MQ) Bought by Cerity Partners LLC

Cerity Partners LLC acquired a new stake in Marqeta, Inc. (NASDAQ:MQ) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 297,968 shares of the company’s stock, valued at approximately $1,466,000. Cerity Partners LLC owned approximately 0.06% of Marqeta as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of MQ. Visa Foundation acquired a new position in Marqeta during the 2nd quarter valued at $68,197,000. Dimensional Fund Advisors LP raised its stake in Marqeta by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,438,277 shares of the company’s stock valued at $40,759,000 after purchasing an additional 389,045 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Marqeta by 65.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,620,882 shares of the company’s stock valued at $14,362,000 after purchasing an additional 1,038,577 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in Marqeta by 2.5% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 2,038,246 shares of the company’s stock valued at $10,028,000 after purchasing an additional 49,104 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in Marqeta by 46.8% during the 3rd quarter. Congress Asset Management Co. now owns 1,055,681 shares of the company’s stock valued at $5,194,000 after purchasing an additional 336,349 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective 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. 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 Monday. Keefe, Bruyette & Woods dropped their price objective on shares of Marqeta from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut shares of Marqeta from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $4.00 in a research note on Tuesday, November 5th. Finally, Mizuho dropped their price objective on shares of Marqeta from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.23.

Marqeta Stock Down 1.5 %

Shares of NASDAQ:MQ opened at $3.84 on Wednesday. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $7.36. The company’s 50-day moving average price is $4.66 and its two-hundred day moving average price is $5.06. The firm has a market cap of $1.93 billion, a P/E ratio of 192.00 and a beta of 1.54.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The company had revenue of $127.90 million for the quarter, compared to the consensus estimate of $128.05 million. During the same period in the prior year, the company earned ($0.07) EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. As a group, equities 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.