US Bancorp DE Increases Position in Marqeta, Inc. (NASDAQ:MQ)

US Bancorp DE lifted its position in shares of Marqeta, Inc. (NASDAQ:MQFree Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,110 shares of the company’s stock after purchasing an additional 6,340 shares during the period. US Bancorp DE’s holdings in Marqeta were worth $622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP lifted its stake in Marqeta by 13.9% during the fourth quarter. Aigen Investment Management LP now owns 31,999 shares of the company’s stock worth $223,000 after purchasing an additional 3,904 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Marqeta during the fourth quarter worth approximately $1,082,000. Norges Bank purchased a new stake in shares of Marqeta during the 4th quarter worth approximately $27,739,000. Baader Bank Aktiengesellschaft boosted its holdings in shares of Marqeta by 52.6% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 534,374 shares of the company’s stock valued at $3,729,000 after buying an additional 184,092 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Marqeta by 16.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,306 shares of the company’s stock valued at $44,015,000 after buying an additional 900,675 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Marqeta Stock Up 1.1 %

NASDAQ MQ opened at $5.33 on Friday. Marqeta, Inc. has a 52-week low of $4.62 and a 52-week high of $7.36. The firm has a 50-day moving average price of $5.57 and a 200 day moving average price of $6.04. The stock has a market capitalization of $2.76 billion, a P/E ratio of -14.81 and a beta of 1.78.

Marqeta (NASDAQ:MQGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. Marqeta had a negative return on equity of 11.84% and a negative net margin of 32.98%. The business had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $117.05 million. During the same period last year, the firm earned ($0.13) EPS. The company’s quarterly revenue was down 45.8% compared to the same quarter last year. On average, equities research analysts expect that Marqeta, Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. William Blair reissued an “outperform” rating on shares of Marqeta in a research report on Wednesday, May 8th. Mizuho cut their price target on Marqeta from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Wedbush reissued a “neutral” rating and issued a $6.00 price objective on shares of Marqeta in a report on Wednesday, May 8th. Keefe, Bruyette & Woods raised their target price on shares of Marqeta from $7.00 to $8.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Finally, Truist Financial reiterated a “buy” rating and issued a $10.00 price target (up previously from $9.00) on shares of Marqeta in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.37.

Get Our Latest Analysis on Marqeta

Marqeta 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.

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Institutional Ownership by Quarter for Marqeta (NASDAQ:MQ)

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