Blueshift Asset Management LLC Purchases Shares of 10,067 Marqeta, Inc. (NASDAQ:MQ)

Blueshift Asset Management LLC acquired a new stake in shares of Marqeta, Inc. (NASDAQ:MQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,067 shares of the company’s stock, valued at approximately $38,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc boosted its holdings in shares of Marqeta by 32.7% in the 3rd quarter. Atria Investments Inc now owns 37,485 shares of the company’s stock worth $184,000 after acquiring an additional 9,235 shares in the last quarter. Intech Investment Management LLC acquired a new position in Marqeta in the third quarter worth $431,000. Primecap Management Co. CA grew its holdings in shares of Marqeta by 0.7% during the third quarter. Primecap Management Co. CA now owns 488,300 shares of the company’s stock worth $2,402,000 after purchasing an additional 3,627 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Marqeta in the third quarter valued at $1,466,000. Finally, Westfield Capital Management Co. LP increased its stake in shares of 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 buying an additional 319,661 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Marqeta Trading Down 2.2 %

Shares of MQ stock opened at $4.42 on Friday. The firm’s fifty day moving average price is $3.90 and its two-hundred day moving average price is $4.26. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $6.25. The firm has a market capitalization of $2.23 billion, a P/E ratio of 221.00 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.05. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The firm had revenue of $135.79 million during the quarter, compared to analysts’ expectations of $132.71 million. As a group, equities research analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MQ has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of Marqeta from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th. Barclays reiterated an “equal weight” rating and set a $4.00 target price (down previously from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. 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 boosted their target price on Marqeta from $4.00 to $4.50 and gave the company a “neutral” rating in a research note on Thursday, February 27th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.33.

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.