Canada Pension Plan Investment Board Acquires 277,300 Shares of Marqeta, Inc. (NASDAQ:MQ)

Canada Pension Plan Investment Board raised its holdings in shares of Marqeta, Inc. (NASDAQ:MQ – Get Rating) by 312.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 366,100 shares of the company’s stock after purchasing an additional 277,300 shares during the period. Canada Pension Plan Investment Board owned 0.07% of Marqeta worth $2,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of MQ. Advisors Asset Management Inc. bought a new position in shares of Marqeta in the 1st quarter worth approximately $38,000. Captrust Financial Advisors bought a new position in shares of Marqeta in the 1st quarter worth approximately $53,000. Steward Partners Investment Advisory LLC raised its position in shares of Marqeta by 1,104.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 7,827 shares of the company’s stock worth $63,000 after acquiring an additional 7,177 shares in the last quarter. CWM LLC raised its position in shares of Marqeta by 31.2% in the 3rd quarter. CWM LLC now owns 10,222 shares of the company’s stock worth $73,000 after acquiring an additional 2,428 shares in the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Marqeta in the 2nd quarter worth approximately $81,000. Institutional investors own 61.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on MQ shares. Morgan Stanley decreased their target price on Marqeta from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Monday, November 7th. KeyCorp reduced their price objective on Marqeta from $10.00 to $9.00 and set an “overweight” rating for the company in a research report on Monday, January 9th. Mizuho reduced their price objective on Marqeta from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, December 12th. Barclays reduced their price objective on Marqeta from $13.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, November 14th. Finally, Sumitomo Mitsui Financial Group raised Marqeta from an “underperform” rating to a “neutral” rating and set a $8.00 price objective for the company in a research report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.01.

Marqeta Stock Performance

MQ stock opened at $5.85 on Monday. The stock’s fifty day moving average price is $6.31 and its 200-day moving average price is $6.87. Marqeta, Inc. has a 1 year low of $5.64 and a 1 year high of $12.41.

Marqeta Profile

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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.