8,811 Shares in Marqeta, Inc. (NASDAQ:MQ) Purchased by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in Marqeta, Inc. (NASDAQ:MQ) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 8,811 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors also recently added to or reduced their stakes in MQ. Blueshift Asset Management LLC purchased a new position in Marqeta during the 4th quarter valued at about $38,000. Certuity LLC purchased a new position in shares of Marqeta during the 4th quarter worth approximately $44,000. apricus wealth LLC purchased a new position in shares of Marqeta during the 4th quarter worth approximately $51,000. Point72 DIFC Ltd acquired a new position in shares of Marqeta during the 3rd quarter worth approximately $57,000. Finally, KBC Group NV lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Marqeta Trading Down 1.1 %

Shares of MQ opened at $3.75 on Wednesday. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $6.12. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 187.50 and a beta of 1.42. The stock has a 50 day moving average of $3.99 and a 200-day moving average of $4.18.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.05. The firm had revenue of $135.79 million during the quarter, compared to the consensus estimate of $132.71 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. On average, sell-side analysts predict that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Barclays reiterated an “equal weight” rating and set a $4.00 price objective (down previously from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. Wells Fargo & Company lowered their price target on shares of Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. Keefe, Bruyette & Woods reduced their price objective on shares of Marqeta from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Finally, The Goldman Sachs Group decreased their target price on shares of Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Marqeta presently has a consensus rating of “Hold” and a consensus price target of $5.29.

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.