Nisa Investment Advisors LLC Buys Shares of 12,500 Marqeta, Inc. (NASDAQ:MQ)

Nisa Investment Advisors LLC purchased a new stake in Marqeta, Inc. (NASDAQ:MQGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,500 shares of the company’s stock, valued at approximately $101,000.

A number of other hedge funds also recently made changes to their positions in MQ. Advisors Asset Management Inc. bought a new stake in Marqeta during the 1st quarter valued at $38,000. FourThought Financial LLC acquired a new stake in shares of Marqeta in the 1st quarter worth approximately $51,000. GPS Wealth Strategies Group LLC bought a new position in shares of Marqeta in the second quarter valued at approximately $51,000. Captrust Financial Advisors acquired a new position in shares of Marqeta during the first quarter valued at approximately $53,000. Finally, Ahrens Investment Partners LLC raised its holdings in Marqeta by 536.1% during the first quarter. Ahrens Investment Partners LLC now owns 5,725 shares of the company’s stock worth $63,000 after purchasing an additional 4,825 shares in the last quarter. Institutional investors own 67.04% of the company’s stock.

Marqeta Stock Down 1.9 %

Shares of Marqeta stock opened at $6.84 on Tuesday. Marqeta, Inc. has a 12 month low of $6.05 and a 12 month high of $30.28. The stock has a market cap of $3.71 billion, a PE ratio of -20.15 and a beta of 2.19. The business has a fifty day simple moving average of $7.30 and a 200-day simple moving average of $8.56.

Marqeta (NASDAQ:MQGet Rating) last announced its quarterly earnings data on Wednesday, August 10th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Marqeta had a negative return on equity of 12.07% and a negative net margin of 29.36%. The firm had revenue of $186.70 million during the quarter, compared to analyst estimates of $180.14 million. During the same period last year, the company posted ($0.29) EPS. The business’s quarterly revenue was up 52.7% compared to the same quarter last year. Analysts expect that Marqeta, Inc. will post -0.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company cut Marqeta from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $11.00 to $7.00 in a research report on Thursday, September 8th. Citigroup lifted their target price on Marqeta to $14.00 in a report on Monday, August 15th. Keefe, Bruyette & Woods cut their price target on shares of Marqeta from $10.00 to $8.00 in a report on Monday, October 10th. Barclays lowered their price objective on shares of Marqeta from $19.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, August 15th. Finally, KeyCorp raised their target price on shares of Marqeta from $11.00 to $12.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Marqeta currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.77.

About Marqeta

(Get Rating)

Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions.

Further Reading

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Institutional Ownership by Quarter for Marqeta (NASDAQ:MQ)

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