apricus wealth LLC Invests $51,000 in Marqeta, Inc. (NASDAQ:MQ)

apricus wealth LLC acquired a new stake in shares of Marqeta, Inc. (NASDAQ:MQ) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 13,510 shares of the company’s stock, valued at approximately $51,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MQ. Westfield Capital Management Co. LP increased its stake in Marqeta by 4.0% in the third quarter. Westfield Capital Management Co. LP now owns 8,333,453 shares of the company’s stock valued at $41,001,000 after purchasing an additional 319,661 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Marqeta by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,438,277 shares of the company’s stock worth $40,759,000 after acquiring an additional 389,045 shares during the period. Alkeon Capital Management LLC boosted its position in shares of Marqeta by 31.3% in the third quarter. Alkeon Capital Management LLC now owns 7,420,663 shares of the company’s stock worth $36,510,000 after acquiring an additional 1,767,845 shares during the last quarter. ZWJ Investment Counsel Inc. grew its holdings in Marqeta by 2.5% in the third quarter. ZWJ Investment Counsel Inc. now owns 2,038,246 shares of the company’s stock valued at $10,028,000 after purchasing an additional 49,104 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Marqeta by 263.0% during the third quarter. JPMorgan Chase & Co. now owns 1,320,893 shares of the company’s stock worth $6,499,000 after purchasing an additional 956,992 shares during the last quarter. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MQ shares. Susquehanna decreased their price target on shares of Marqeta from $9.00 to $7.00 and set a “positive” rating on the stock in a report on Tuesday, November 5th. Barclays restated an “equal weight” rating and issued a $4.00 price objective (down from $5.00) on shares of Marqeta in a report on Tuesday, December 17th. Mizuho dropped their target price on shares of Marqeta from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. Morgan Stanley reduced their price target on shares of Marqeta from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company cut their target price on shares of Marqeta from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.75.

Marqeta Stock Performance

Shares of NASDAQ:MQ opened at $3.77 on Friday. Marqeta, Inc. has a 1-year low of $3.37 and a 1-year high of $7.36. The company’s fifty day moving average is $3.83 and its two-hundred day moving average is $4.64. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 188.50 and a beta of 1.52.

Marqeta (NASDAQ:MQ) last issued its earnings results on Monday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $127.90 million during the quarter, compared to the consensus estimate of $128.05 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.07) EPS. Sell-side analysts expect that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

About Marqeta

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.