Swiss National Bank Purchases 19,100 Shares of Marqeta, Inc. (NASDAQ:MQ)

Swiss National Bank lifted its position in shares of Marqeta, Inc. (NASDAQ:MQ) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 788,900 shares of the company’s stock after buying an additional 19,100 shares during the quarter. Swiss National Bank owned about 0.16% of Marqeta worth $2,990,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Marqeta in the fourth quarter valued at approximately $288,000. Arizona State Retirement System raised its stake in Marqeta by 2.5% during the fourth quarter. Arizona State Retirement System now owns 116,397 shares of the company’s stock worth $441,000 after acquiring an additional 2,860 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Marqeta in the 4th quarter valued at approximately $935,000. Handelsbanken Fonder AB increased its holdings in shares of Marqeta by 11.2% during the fourth quarter. Handelsbanken Fonder AB now owns 106,100 shares of the company’s stock worth $402,000 after buying an additional 10,700 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in Marqeta by 45.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 538,247 shares of the company’s stock worth $2,040,000 after purchasing an additional 168,177 shares in the last quarter. Institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on Marqeta from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Barclays reissued an “equal weight” rating and set a $4.00 target price (down from $5.00) on shares of Marqeta in a report on Tuesday, December 17th. The Goldman Sachs Group raised their price target on shares of Marqeta from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Marqeta from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Marqeta currently has an average rating of “Hold” and an average price target of $5.33.

Marqeta Stock Performance

Marqeta stock opened at $4.39 on Thursday. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 219.50 and a beta of 1.49. Marqeta, Inc. has a 52-week low of $3.37 and a 52-week high of $6.25. The stock’s 50 day moving average price is $3.94 and its two-hundred day moving average price is $4.25.

Marqeta (NASDAQ:MQ) last announced its quarterly earnings data 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 firm had revenue of $135.79 million for 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%. On average, equities research analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current year.

About Marqeta

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.