SG Americas Securities LLC Acquires 61,590 Shares of Marqeta, Inc. (NASDAQ:MQ)

SG Americas Securities LLC boosted its holdings in shares of Marqeta, Inc. (NASDAQ:MQ) by 364.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,495 shares of the company’s stock after acquiring an additional 61,590 shares during the quarter. SG Americas Securities LLC’s holdings in Marqeta were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MQ. Virtu Financial LLC bought a new stake in Marqeta during the 4th quarter worth approximately $194,000. Vanguard Group Inc. grew its holdings in Marqeta by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 45,793,157 shares of the company’s stock worth $319,636,000 after acquiring an additional 1,592,977 shares during the last quarter. Sanders Morris Harris LLC bought a new stake in Marqeta during the 1st quarter worth approximately $328,000. Allspring Global Investments Holdings LLC grew its holdings in Marqeta by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 47,222 shares of the company’s stock worth $281,000 after acquiring an additional 3,979 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Marqeta in the 1st quarter valued at $65,000. 78.64% of the stock is owned by institutional investors.

Marqeta Stock Down 0.2 %

Shares of NASDAQ MQ opened at $5.15 on Friday. The company’s fifty day simple moving average is $5.11 and its 200 day simple moving average is $5.33. Marqeta, Inc. has a 12-month low of $4.40 and a 12-month high of $7.36. The firm has a market cap of $2.67 billion, a PE ratio of -14.31 and a beta of 1.77.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Marqeta had a negative net margin of 2.62% and a positive return on equity of 0.51%. The firm had revenue of $125.30 million for the quarter, compared to the consensus estimate of $121.87 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The business’s revenue was down 45.8% on a year-over-year basis. On average, equities analysts predict that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MQ. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $5.50 price objective on shares of Marqeta in a research note on Monday, June 24th. Wells Fargo & Company raised shares of Marqeta from an “equal weight” rating to an “overweight” rating and set a $7.00 price objective on the stock in a research note on Tuesday, June 25th. UBS Group reduced their price objective on shares of Marqeta from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Susquehanna reaffirmed a “positive” rating and issued a $9.00 price objective on shares of Marqeta in a research note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Marqeta from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.11.

Marqeta Company 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.