Sapient Capital LLC Makes New $177,000 Investment in Marqeta, Inc. (NASDAQ:MQ)

Sapient Capital LLC purchased a new position in shares of Marqeta, Inc. (NASDAQ:MQ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 25,355 shares of the company’s stock, valued at approximately $177,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MQ. Amundi bought a new stake in Marqeta during the fourth quarter worth approximately $27,000. Advisors Asset Management Inc. bought a new stake in shares of Marqeta during the 1st quarter worth $38,000. IHT Wealth Management LLC acquired a new position in Marqeta in the 1st quarter valued at $50,000. Delphia USA Inc. bought a new position in Marqeta in the 1st quarter worth $52,000. Finally, Captrust Financial Advisors acquired a new position in Marqeta during the 1st quarter worth $53,000. Institutional investors own 78.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MQ shares. Monness Crespi & Hardt started coverage on Marqeta in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $7.50 price target on the stock. KeyCorp lifted their price target on Marqeta from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Wells Fargo & Company increased their price objective on Marqeta from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 6th. Bank of America raised shares of Marqeta from a “neutral” rating to a “buy” rating and set a $7.00 target price on the stock in a research report on Monday, February 12th. Finally, Truist Financial reissued a “buy” rating and issued a $10.00 price target (up from $9.00) on shares of Marqeta in a report on Thursday, February 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Marqeta currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.57.

Marqeta Trading Down 2.8 %

MQ stock opened at $5.29 on Tuesday. Marqeta, Inc. has a 1-year low of $3.74 and a 1-year high of $7.36. The business’s 50 day moving average is $6.09 and its 200-day moving average is $6.08.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. Marqeta had a negative return on equity of 13.80% and a negative net margin of 32.97%. The firm had revenue of $118.82 million during the quarter, compared to analyst estimates of $110.80 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was down 41.7% compared to the same quarter last year. On average, analysts forecast that Marqeta, Inc. will post -0.35 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.