Xponance Inc. Has $130,000 Stock Position in Marqeta, Inc. (NASDAQ:MQ)

Xponance Inc. lifted its holdings in Marqeta, Inc. (NASDAQ:MQ) by 11.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 34,314 shares of the company’s stock after acquiring an additional 3,546 shares during the period. Xponance Inc.’s holdings in Marqeta were worth $130,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in Marqeta in the 3rd quarter valued at $57,000. Certuity LLC bought a new position in shares of Marqeta in the fourth quarter worth $44,000. CreativeOne Wealth LLC acquired a new position in Marqeta in the third quarter valued at about $59,000. apricus wealth LLC bought a new stake in Marqeta during the fourth quarter worth about $51,000. Finally, KBC Group NV increased its holdings in Marqeta by 68.8% in the 4th quarter. KBC Group NV now owns 22,546 shares of the company’s stock valued at $85,000 after buying an additional 9,186 shares during the period. 78.64% of the stock is owned by institutional investors.

Marqeta Price Performance

MQ opened at $4.19 on Friday. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $6.25. The company’s 50 day moving average price is $3.96 and its two-hundred day moving average price is $4.24. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 209.50 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.05. The company 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%. As a group, equities research analysts predict that Marqeta, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

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

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.