SBI Securities Co. Ltd. Invests $935,000 in Marqeta, Inc. (NASDAQ:MQ)

SBI Securities Co. Ltd. bought a new stake in Marqeta, Inc. (NASDAQ:MQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 246,581 shares of the company’s stock, valued at approximately $935,000.

Several other large investors have also modified their holdings of MQ. Alkeon Capital Management LLC raised its position in 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 in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Marqeta by 263.0% during the 3rd 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 period. Barclays PLC increased its holdings in shares of Marqeta by 226.4% in the 3rd quarter. Barclays PLC now owns 861,414 shares of the company’s stock valued at $4,238,000 after purchasing an additional 597,539 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Marqeta by 107.8% in the fourth quarter. Nordea Investment Management AB now owns 851,278 shares of the company’s stock valued at $3,265,000 after purchasing an additional 441,617 shares during the period. Finally, Westfield Capital Management Co. LP boosted its holdings in Marqeta by 4.0% during the third quarter. Westfield Capital Management Co. LP now owns 8,333,453 shares of the company’s stock worth $41,001,000 after buying an additional 319,661 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on MQ. The Goldman Sachs Group increased their target price on shares of Marqeta from $4.00 to $4.50 and gave the company a “neutral” rating in a report on Thursday, February 27th. KeyCorp cut Marqeta from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. William Blair downgraded Marqeta from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. Barclays restated an “equal weight” rating and issued a $4.00 price target (down previously from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. Finally, 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 research report on Thursday, January 16th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $5.33.

Marqeta Trading Down 1.2 %

Shares of MQ stock opened at $4.13 on Tuesday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 206.50 and a beta of 1.52. The firm has a 50-day moving average price of $3.79 and a 200 day moving average price of $4.37. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.44.

Marqeta (NASDAQ:MQ) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The business had revenue of $135.79 million during the quarter, compared to analyst estimates of $132.71 million. As a group, research analysts predict that Marqeta, Inc. will post 0.06 earnings per share for the current 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.