apricus wealth LLC Invests $51,000 in Marqeta, Inc. (NASDAQ:MQ)

apricus wealth LLC purchased a new stake in Marqeta, Inc. (NASDAQ:MQ) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,510 shares of the company’s stock, valued at approximately $51,000.

Other hedge funds also recently bought and sold shares of the company. Alkeon Capital Management LLC lifted its position in shares of Marqeta by 31.3% in the third quarter. Alkeon Capital Management LLC now owns 7,420,663 shares of the company’s stock valued at $36,510,000 after acquiring an additional 1,767,845 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 last quarter. Barclays PLC raised its position in shares of Marqeta by 226.4% in the third quarter. Barclays PLC now owns 861,414 shares of the company’s stock valued at $4,238,000 after buying an additional 597,539 shares during 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 worth $3,265,000 after buying an additional 441,617 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Marqeta by 5.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,438,277 shares of the company’s stock valued at $40,759,000 after acquiring an additional 389,045 shares in the last quarter. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. KeyCorp cut shares of Marqeta from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, November 5th. Susquehanna cut their price target on shares of Marqeta from $9.00 to $7.00 and set a “positive” rating for the company in a report on Tuesday, November 5th. William Blair cut Marqeta from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Mizuho cut their target price on Marqeta from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Finally, Morgan Stanley lowered their price target on Marqeta from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.75.

Marqeta Trading Up 1.9 %

Marqeta stock opened at $3.77 on Friday. The stock has a 50 day moving average of $3.83 and a two-hundred day moving average of $4.64. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $7.36. The stock 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 posted its quarterly earnings results on Monday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The firm had revenue of $127.90 million for the quarter, compared to analysts’ expectations of $128.05 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. Equities analysts predict that Marqeta, Inc. will post 0.06 earnings per share 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.