Baader Bank Aktiengesellschaft Has $399,000 Stock Position in Marqeta, Inc. (NASDAQ:MQ)

Baader Bank Aktiengesellschaft lifted its stake in shares of Marqeta, Inc. (NASDAQ:MQ) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 105,457 shares of the company’s stock after buying an additional 11,356 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Marqeta were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MQ. Alkeon Capital Management LLC grew its holdings in shares of Marqeta by 31.3% during the third quarter. Alkeon Capital Management LLC now owns 7,420,663 shares of the company’s stock valued at $36,510,000 after buying an additional 1,767,845 shares during 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 valued at $6,499,000 after purchasing an additional 956,992 shares during the last quarter. Barclays PLC raised its stake in shares of Marqeta by 226.4% in the third quarter. Barclays PLC now owns 861,414 shares of the company’s stock worth $4,238,000 after purchasing an additional 597,539 shares during the last quarter. Nordea Investment Management AB lifted its holdings 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 valued at $3,265,000 after purchasing an additional 441,617 shares in the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of Marqeta by 46.8% during the third quarter. Congress Asset Management Co. now owns 1,055,681 shares of the company’s stock valued at $5,194,000 after buying an additional 336,349 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

Analysts Set New Price Targets

MQ has been the subject of several recent analyst reports. KeyCorp lowered shares of Marqeta from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on shares of Marqeta from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Barclays reissued an “equal weight” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Marqeta in a report on Tuesday, December 17th. Morgan Stanley cut 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. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Marqeta from $5.00 to $4.00 and set a “market perform” rating on the stock in a report on Monday, January 6th. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.75.

Marqeta Stock Up 1.3 %

Shares of Marqeta stock opened at $3.96 on Friday. The business has a 50 day moving average of $3.83 and a 200 day moving average of $4.60. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $7.36. The company has a market cap of $1.99 billion, a PE ratio of 198.00 and a beta of 1.52.

Marqeta (NASDAQ:MQ) last posted its earnings results on Monday, November 4th. The company reported ($0.06) 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 company had revenue of $127.90 million during the quarter, compared to analysts’ expectations of $128.05 million. During the same period in the prior year, the business posted ($0.07) earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, research analysts anticipate 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.