GSA Capital Partners LLP Increases Holdings in Marqeta, Inc. (NASDAQ:MQ)

GSA Capital Partners LLP boosted its position in Marqeta, Inc. (NASDAQ:MQ) by 671.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,401 shares of the company’s stock after purchasing an additional 204,026 shares during the period. GSA Capital Partners LLP’s holdings in Marqeta were worth $1,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Marqeta by 8.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 44,883 shares of the company’s stock valued at $246,000 after buying an additional 3,548 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Marqeta by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 47,222 shares of the company’s stock valued at $281,000 after acquiring an additional 3,979 shares in the last quarter. Covestor Ltd raised its position in Marqeta by 17,340.0% during the first quarter. Covestor Ltd now owns 4,360 shares of the company’s stock worth $26,000 after acquiring an additional 4,335 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Marqeta by 6.6% in the first quarter. ProShare Advisors LLC now owns 84,785 shares of the company’s stock valued at $505,000 after purchasing an additional 5,257 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its position in shares of Marqeta by 633.2% in the second quarter. J.Safra Asset Management Corp now owns 6,137 shares of the company’s stock valued at $34,000 after purchasing an additional 5,300 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Marqeta Price Performance

Marqeta stock opened at $3.96 on Friday. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 198.00 and a beta of 1.73. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $7.36. The stock’s 50-day moving average is $4.93 and its 200-day moving average is $5.22.

Marqeta (NASDAQ:MQ) last announced its quarterly earnings results on Monday, November 4th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Marqeta had a net margin of 2.86% and a return on equity of 1.20%. The business had revenue of $127.90 million for the quarter, compared to analyst estimates of $128.05 million. During the same period last year, the firm earned ($0.07) earnings per share. The company’s quarterly revenue was up 20.8% on a year-over-year basis. Research analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

MQ has been the subject of several research reports. UBS Group cut their price objective on Marqeta from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company downgraded Marqeta from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $7.00 to $5.00 in a research report on Tuesday, November 5th. Mizuho cut their target price on shares of Marqeta from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. KeyCorp cut shares of Marqeta from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Marqeta from a “buy” rating to a “hold” rating and cut their price objective for the company from $9.00 to $4.00 in a research report on Tuesday, November 5th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Marqeta presently has a consensus rating of “Hold” and an average target price of $6.27.

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.