Two Sigma Investments LP Boosts Holdings in Marqeta, Inc. (NASDAQ:MQ)

Two Sigma Investments LP raised its stake in Marqeta, Inc. (NASDAQ:MQ) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,458,087 shares of the company’s stock after acquiring an additional 292,698 shares during the quarter. Two Sigma Investments LP owned approximately 0.69% of Marqeta worth $13,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of MQ. Arizona State Retirement System increased its holdings in Marqeta by 2.5% in the 4th quarter. Arizona State Retirement System now owns 116,397 shares of the company’s stock worth $441,000 after acquiring an additional 2,860 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Marqeta by 7.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,670 shares of the company’s stock worth $174,000 after purchasing an additional 3,155 shares during the period. Xponance Inc. boosted its position in Marqeta by 11.5% during the fourth quarter. Xponance Inc. now owns 34,314 shares of the company’s stock worth $130,000 after purchasing an additional 3,546 shares during the period. Summit Investment Advisors Inc. increased its stake in shares of Marqeta by 8.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 49,615 shares of the company’s stock worth $188,000 after purchasing an additional 3,938 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Marqeta by 36.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 19,312 shares of the company’s stock worth $73,000 after purchasing an additional 5,154 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on MQ shares. The Goldman Sachs Group dropped their price target on shares of Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. JPMorgan Chase & Co. upgraded Marqeta from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $5.00 to $6.00 in a research report on Monday, May 19th. UBS Group lifted their price target on Marqeta from $4.75 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Keefe, Bruyette & Woods boosted their price objective on Marqeta from $4.00 to $4.50 and gave the company a “market perform” rating in a research note on Thursday, May 8th. Finally, Barclays raised their target price on Marqeta from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.18.

Marqeta Stock Down 2.5%

Shares of NASDAQ MQ opened at $5.07 on Friday. The stock’s 50-day simple moving average is $4.26 and its two-hundred day simple moving average is $4.00. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.00. The firm has a market capitalization of $2.37 billion, a P/E ratio of 253.50 and a beta of 1.41.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $139.07 million during the quarter, compared to analyst estimates of $135.66 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. Marqeta’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. As a group, research analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Marqeta 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.