Quantbot Technologies LP Invests $235,000 in Marqeta, Inc. (NASDAQ:MQ)

Quantbot Technologies LP bought a new position in Marqeta, Inc. (NASDAQ:MQ) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 61,997 shares of the company’s stock, valued at approximately $235,000.

A number of other institutional investors have also recently bought and sold shares of MQ. Nordea Investment Management AB raised its holdings in shares of Marqeta by 107.8% in the 4th quarter. Nordea Investment Management AB now owns 851,278 shares of the company’s stock worth $3,265,000 after purchasing an additional 441,617 shares during the period. Cerity Partners LLC purchased a new position in Marqeta in the third quarter valued at approximately $1,466,000. Congress Asset Management Co. lifted its position in Marqeta by 7.6% during the fourth quarter. Congress Asset Management Co. now owns 1,135,842 shares of the company’s stock valued at $4,305,000 after buying an additional 80,161 shares in the last quarter. Main Management ETF Advisors LLC purchased a new stake in Marqeta during the third quarter worth approximately $786,000. Finally, Holocene Advisors LP grew its stake in Marqeta by 143.0% during the third quarter. Holocene Advisors LP now owns 522,059 shares of the company’s stock worth $2,569,000 after buying an additional 307,223 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Trading Down 2.3 %

Marqeta stock opened at $4.19 on Friday. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $6.25. The stock has a market cap of $2.11 billion, a P/E ratio of 209.50 and a beta of 1.49. The stock has a 50 day moving average of $3.96 and a 200-day moving average of $4.24.

Marqeta (NASDAQ:MQ) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. The firm had revenue of $135.79 million for the quarter, compared to the consensus estimate of $132.71 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. As a group, equities analysts predict that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.