Vanguard Group Inc. Has $168.09 Million Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Vanguard Group Inc. trimmed its position in shares of Marqeta, Inc. (NASDAQ:MQ) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,350,753 shares of the company’s stock after selling 954,831 shares during the period. Vanguard Group Inc. owned about 0.09% of Marqeta worth $168,089,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in Marqeta in the fourth quarter valued at approximately $343,000. American Century Companies Inc. lifted its stake in shares of Marqeta by 30.4% in the 4th quarter. American Century Companies Inc. now owns 663,165 shares of the company’s stock valued at $2,513,000 after purchasing an additional 154,530 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Marqeta in the 4th quarter valued at $235,000. Palogic Value Management L.P. boosted its holdings in Marqeta by 45.5% in the fourth quarter. Palogic Value Management L.P. now owns 400,000 shares of the company’s stock worth $1,516,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in Marqeta during the fourth quarter worth $38,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company reduced their price target 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. The Goldman Sachs Group reduced their target price on Marqeta from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Keefe, Bruyette & Woods lowered their price target on Marqeta from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Finally, Barclays reissued 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. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Marqeta presently has a consensus rating of “Hold” and a consensus price target of $5.29.

Marqeta Price Performance

Shares of MQ stock opened at $3.71 on Monday. The stock has a market cap of $1.87 billion, a P/E ratio of 185.50 and a beta of 1.42. The stock has a fifty day moving average price of $3.99 and a 200 day moving average price of $4.20. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.12.

Marqeta (NASDAQ:MQ) last posted its earnings results on Wednesday, February 26th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate 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 net margin of 2.86% and a return on equity of 1.20%. Equities research analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current year.

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.