Teacher Retirement System of Texas Decreases Position in Marqeta, Inc. (NASDAQ:MQ)

Teacher Retirement System of Texas trimmed its position in shares of Marqeta, Inc. (NASDAQ:MQFree Report) by 40.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,954 shares of the company’s stock after selling 12,067 shares during the quarter. Teacher Retirement System of Texas’ holdings in Marqeta were worth $125,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alkeon Capital Management LLC boosted its position in Marqeta by 94.2% during the third quarter. Alkeon Capital Management LLC now owns 5,155,103 shares of the company’s stock worth $30,828,000 after purchasing an additional 2,500,000 shares in the last quarter. FMR LLC boosted its position in Marqeta by 27.1% during the third quarter. FMR LLC now owns 28,456,412 shares of the company’s stock worth $170,169,000 after purchasing an additional 6,058,777 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in Marqeta by 374.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 633,682 shares of the company’s stock worth $3,789,000 after purchasing an additional 500,182 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new stake in Marqeta during the fourth quarter worth $233,000. Finally, Mariner LLC raised its holdings in shares of Marqeta by 3.9% in the third quarter. Mariner LLC now owns 91,696 shares of the company’s stock worth $548,000 after acquiring an additional 3,461 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Price Performance

NASDAQ:MQ opened at $5.37 on Friday. The business’s 50-day moving average price is $5.63 and its 200 day moving average price is $6.07. The firm has a market cap of $2.78 billion, a P/E ratio of -14.92 and a beta of 1.81. Marqeta, Inc. has a 52-week low of $4.59 and a 52-week high of $7.36.

Marqeta (NASDAQ:MQGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $117.90 million during the quarter, compared to analyst estimates of $117.05 million. Marqeta had a negative return on equity of 11.84% and a negative net margin of 32.98%. The business’s quarterly revenue was down 45.8% compared to the same quarter last year. During the same period last year, the company posted ($0.13) EPS. Sell-side analysts expect that Marqeta, Inc. will post 0.01 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on MQ. Truist Financial reiterated a “buy” rating and issued a $10.00 target price (up from $9.00) on shares of Marqeta in a research note on Thursday, February 29th. Wedbush reiterated a “neutral” rating and set a $6.00 target price on shares of Marqeta in a report on Wednesday, May 8th. Mizuho dropped their target price on Marqeta from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Keefe, Bruyette & Woods raised their price objective on Marqeta from $7.00 to $8.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Finally, Wells Fargo & Company raised their price objective on Marqeta from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.37.

Get Our Latest Stock Analysis on Marqeta

Marqeta Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Marqeta (NASDAQ:MQ)

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