Baader Bank Aktiengesellschaft Purchases 11,356 Shares of Marqeta, Inc. (NASDAQ:MQ)

Baader Bank Aktiengesellschaft raised its holdings in shares of Marqeta, Inc. (NASDAQ:MQ) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,457 shares of the company’s stock after purchasing an additional 11,356 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Marqeta were worth $399,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Primecap Management Co. CA grew its position in shares of Marqeta by 0.7% during the 3rd quarter. Primecap Management Co. CA now owns 488,300 shares of the company’s stock valued at $2,402,000 after acquiring an additional 3,627 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Marqeta by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 252,728 shares of the company’s stock worth $1,385,000 after purchasing an additional 5,515 shares in the last quarter. KBC Group NV raised its position in shares of Marqeta by 68.8% during the 4th quarter. KBC Group NV now owns 22,546 shares of the company’s stock valued at $85,000 after purchasing an additional 9,186 shares during the period. Atria Investments Inc lifted its stake in shares of Marqeta by 32.7% during the 3rd quarter. Atria Investments Inc now owns 37,485 shares of the company’s stock valued at $184,000 after buying an additional 9,235 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Marqeta in the 3rd quarter worth $57,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Marqeta Price Performance

Marqeta stock opened at $3.96 on Friday. Marqeta, Inc. has a 1-year low of $3.37 and a 1-year high of $7.36. The company’s 50-day moving average is $3.83 and its 200 day moving average is $4.60. The firm has a market capitalization of $1.99 billion, a P/E ratio of 198.00 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 company had revenue of $127.90 million for the quarter, compared to analysts’ expectations of $128.05 million. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) earnings per share. Research analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MQ shares. Morgan Stanley dropped their price objective on Marqeta from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. 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 cut their target price on shares of Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Susquehanna dropped their price objective on shares of Marqeta from $9.00 to $7.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. decreased their target price on Marqeta from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.75.

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.