26,375 Shares in Marqeta, Inc. (NASDAQ:MQ) Acquired by Tallon Kerry Patrick

Tallon Kerry Patrick acquired a new position in Marqeta, Inc. (NASDAQ:MQ) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 26,375 shares of the company’s stock, valued at approximately $98,000.

Other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC bought a new position in shares of Marqeta in the second quarter worth approximately $61,000. Point72 DIFC Ltd bought a new position in shares of Marqeta in the third quarter worth approximately $57,000. CreativeOne Wealth LLC bought a new position in shares of Marqeta in the third quarter worth approximately $59,000. XTX Topco Ltd bought a new position in shares of Marqeta in the second quarter worth approximately $72,000. Finally, Castleview Partners LLC bought a new position in Marqeta during the third quarter valued at approximately $77,000. 78.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays reiterated an “equal weight” rating and set a $4.00 price target (down from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. 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. JPMorgan Chase & Co. reduced their price target on shares of Marqeta from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Wells Fargo & Company reduced their price target 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. Finally, KeyCorp cut shares of Marqeta from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.75.

Marqeta Stock Down 1.0 %

Shares of MQ stock opened at $3.77 on Friday. The stock has a fifty day moving average of $3.86 and a 200 day moving average of $4.73. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $7.36. The firm 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 announced its quarterly earnings results on Monday, November 4th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $128.05 million. During the same period in the previous year, the business earned ($0.07) EPS. The business’s revenue was up 20.8% compared to the same quarter last year. Equities research analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Marqeta Company 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.