ANTIPODES PARTNERS Ltd Makes New Investment in Marqeta, Inc. (NASDAQ:MQ)

ANTIPODES PARTNERS Ltd purchased a new position in Marqeta, Inc. (NASDAQ:MQ) in the fourth quarter, Holdings Channel reports. The fund purchased 29,359 shares of the company’s stock, valued at approximately $111,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc lifted its position in shares of Marqeta by 32.7% during the 3rd quarter. Atria Investments Inc now owns 37,485 shares of the company’s stock worth $184,000 after purchasing an additional 9,235 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Marqeta by 6.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 370,070 shares of the company’s stock worth $1,821,000 after purchasing an additional 23,729 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Marqeta by 671.7% during the 3rd quarter. GSA Capital Partners LLP now owns 234,401 shares of the company’s stock worth $1,153,000 after purchasing an additional 204,026 shares during the last quarter. MQS Management LLC acquired a new position in shares of Marqeta during the 3rd quarter worth about $96,000. Finally, Intech Investment Management LLC acquired a new position in shares of Marqeta during the 3rd quarter worth about $431,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

MQ has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Barclays reissued 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. The Goldman Sachs Group boosted their price objective on Marqeta from $4.00 to $4.50 and gave the stock a “neutral” rating in a research report on Thursday, February 27th. Finally, Keefe, Bruyette & Woods cut their price target on Marqeta from $5.00 to $4.00 and set a “market perform” rating for the company in a report on Monday, January 6th. Eleven equities 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.com, the company presently has an average rating of “Hold” and an average price target of $5.33.

Marqeta Price Performance

NASDAQ MQ opened at $3.94 on Thursday. The firm has a market cap of $1.99 billion, a PE ratio of 197.00 and a beta of 1.49. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.44. The stock’s 50 day simple moving average is $3.83 and its 200 day simple moving average is $4.31.

Marqeta (NASDAQ:MQ) last released its quarterly earnings results on Wednesday, February 26th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.05. The business had revenue of $135.79 million for the quarter, compared to analyst estimates of $132.71 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. As a group, equities analysts expect 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.