XTX Topco Ltd Invests $72,000 in Marqeta, Inc. (NASDAQ:MQ)

XTX Topco Ltd purchased a new position in Marqeta, Inc. (NASDAQ:MQ) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,131 shares of the company’s stock, valued at approximately $72,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd grew its stake in shares of Marqeta by 17,340.0% in the 1st quarter. Covestor Ltd now owns 4,360 shares of the company’s stock valued at $26,000 after buying an additional 4,335 shares during the period. J.Safra Asset Management Corp increased its stake in Marqeta by 633.2% during the second quarter. J.Safra Asset Management Corp now owns 6,137 shares of the company’s stock worth $34,000 after acquiring an additional 5,300 shares during the last quarter. Russell Investments Group Ltd. raised its position in Marqeta by 7,852.8% in the first quarter. Russell Investments Group Ltd. now owns 10,100 shares of the company’s stock valued at $60,000 after purchasing an additional 9,973 shares during the period. Empowered Funds LLC acquired a new position in shares of Marqeta in the 1st quarter valued at $65,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of Marqeta during the 1st quarter worth $72,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MQ has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Marqeta from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Monday, July 8th. UBS Group decreased their price objective on shares of Marqeta from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Susquehanna reiterated a “positive” rating and issued a $9.00 target price on shares of Marqeta in a report on Tuesday, August 6th. Wells Fargo & Company upgraded Marqeta from an “equal weight” rating to an “overweight” rating and set a $7.00 price target on the stock in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $5.50 price objective on shares of Marqeta in a report on Monday, June 24th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Marqeta presently has a consensus rating of “Moderate Buy” and an average target price of $7.11.

Marqeta Price Performance

Shares of NASDAQ:MQ opened at $4.82 on Wednesday. Marqeta, Inc. has a 12 month low of $4.40 and a 12 month high of $7.36. The firm has a market capitalization of $2.50 billion, a P/E ratio of -13.39 and a beta of 1.78. The company’s fifty day moving average price is $5.16 and its 200 day moving average price is $5.41.

Marqeta (NASDAQ:MQ) last posted its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $125.30 million during the quarter, compared to the consensus estimate of $121.87 million. Marqeta had a positive return on equity of 0.51% and a negative net margin of 2.62%. The business’s quarterly revenue was down 45.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) EPS. On average, sell-side analysts anticipate that Marqeta, Inc. will post 0.06 EPS 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.