Capital International Investors Takes $15.84 Million Position in Marqeta, Inc. (NASDAQ:MQ)

Capital International Investors purchased a new stake in shares of Marqeta, Inc. (NASDAQ:MQFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,269,289 shares of the company’s stock, valued at approximately $15,840,000.

Several other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Marqeta by 31.8% in the 3rd quarter. Principal Financial Group Inc. now owns 69,650 shares of the company’s stock worth $417,000 after acquiring an additional 16,814 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Marqeta by 10.5% in the 3rd quarter. New York State Common Retirement Fund now owns 199,800 shares of the company’s stock worth $1,195,000 after acquiring an additional 18,928 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Marqeta by 4.9% in the 3rd quarter. Amalgamated Bank now owns 51,433 shares of the company’s stock worth $308,000 after acquiring an additional 2,395 shares during the last quarter. Swiss National Bank grew its holdings in shares of Marqeta by 1.4% in the 3rd quarter. Swiss National Bank now owns 854,100 shares of the company’s stock worth $5,108,000 after acquiring an additional 11,600 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Marqeta by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,478,600 shares of the company’s stock worth $20,802,000 after acquiring an additional 88,068 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on MQ shares. Monness Crespi & Hardt lifted their target price on Marqeta from $7.50 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Bank of America raised Marqeta from a “neutral” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Monday, February 12th. Barclays decreased their target price on Marqeta from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Thursday, May 9th. William Blair reaffirmed an “outperform” rating on shares of Marqeta in a research report on Wednesday, May 8th. Finally, Mizuho decreased their target price on Marqeta from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, May 21st. 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 stock. According to MarketBeat.com, Marqeta currently has an average rating of “Moderate Buy” and a consensus target price of $7.37.

Read Our Latest Stock Report on Marqeta

Marqeta Price Performance

MQ opened at $5.25 on Friday. Marqeta, Inc. has a 1 year low of $4.62 and a 1 year high of $7.36. The stock has a fifty day moving average price of $5.56 and a 200 day moving average price of $6.04.

Marqeta (NASDAQ:MQGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The firm had revenue of $117.90 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 45.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. Research analysts expect that Marqeta, Inc. will post 0.01 earnings per share for the current fiscal year.

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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