Los Angeles Capital Management LLC Has $1.13 Million Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Los Angeles Capital Management LLC lifted its position in Marqeta, Inc. (NASDAQ:MQGet Rating) by 41.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,883 shares of the company’s stock after acquiring an additional 46,742 shares during the period. Los Angeles Capital Management LLC’s holdings in Marqeta were worth $1,131,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Marqeta by 8.9% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 17,109 shares of the company’s stock valued at $122,000 after acquiring an additional 1,399 shares during the period. Sanders Morris Harris LLC raised its holdings in Marqeta by 2.4% during the 3rd quarter. Sanders Morris Harris LLC now owns 65,000 shares of the company’s stock worth $463,000 after buying an additional 1,500 shares during the period. Captrust Financial Advisors raised its holdings in Marqeta by 39.6% during the 2nd quarter. Captrust Financial Advisors now owns 6,686 shares of the company’s stock worth $54,000 after buying an additional 1,896 shares during the period. Commonwealth Equity Services LLC raised its holdings in Marqeta by 0.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 438,232 shares of the company’s stock worth $3,554,000 after buying an additional 1,926 shares during the period. Finally, CWM LLC raised its holdings in Marqeta by 31.2% during the 3rd quarter. CWM LLC now owns 10,222 shares of the company’s stock worth $73,000 after buying an additional 2,428 shares during the period. 61.35% of the stock is currently owned by institutional investors and hedge funds.

Marqeta Trading Up 6.8 %

NASDAQ:MQ opened at $6.91 on Tuesday. Marqeta, Inc. has a 1-year low of $5.64 and a 1-year high of $12.74. The firm has a fifty day simple moving average of $6.42 and a 200 day simple moving average of $7.39. The stock has a market capitalization of $3.77 billion, a PE ratio of -19.19 and a beta of 1.90.

Marqeta (NASDAQ:MQGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($0.10) EPS for the quarter, hitting analysts’ consensus estimates of ($0.10). Marqeta had a negative net margin of 27.90% and a negative return on equity of 12.67%. The firm had revenue of $191.62 million during the quarter, compared to analysts’ expectations of $180.53 million. On average, equities analysts predict that Marqeta, Inc. will post -0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

MQ has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Marqeta from $10.00 to $8.00 in a report on Monday, October 10th. DA Davidson initiated coverage on shares of Marqeta in a report on Wednesday, November 9th. They set a “neutral” rating and a $7.25 target price on the stock. KeyCorp lowered their price objective on shares of Marqeta from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. Barclays lowered their price objective on shares of Marqeta from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, November 14th. Finally, Wells Fargo & Company lowered their price objective on shares of Marqeta from $7.00 to $6.50 and set an “underweight” rating on the stock in a report on Monday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Marqeta has an average rating of “Moderate Buy” and an average target price of $11.01.

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.

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Institutional Ownership by Quarter for Marqeta (NASDAQ:MQ)

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