Stifel Financial Corp Takes $41,000 Position in Marqeta, Inc. (NASDAQ:MQ)

Stifel Financial Corp bought a new stake in Marqeta, Inc. (NASDAQ:MQ) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,748 shares of the company’s stock, valued at approximately $41,000.

A number of other large investors also recently modified their holdings of MQ. Tower Research Capital LLC TRC lifted its holdings in Marqeta by 36.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 19,312 shares of the company’s stock worth $73,000 after acquiring an additional 5,154 shares during the period. MetLife Investment Management LLC lifted its holdings in Marqeta by 3.5% during the fourth quarter. MetLife Investment Management LLC now owns 279,462 shares of the company’s stock worth $1,059,000 after acquiring an additional 9,368 shares during the period. Zacks Investment Management bought a new stake in Marqeta during the fourth quarter worth $152,000. Jump Financial LLC lifted its holdings in Marqeta by 103.6% during the fourth quarter. Jump Financial LLC now owns 165,194 shares of the company’s stock worth $626,000 after acquiring an additional 84,040 shares during the period. Finally, Barclays PLC lifted its holdings in Marqeta by 29.3% during the fourth quarter. Barclays PLC now owns 1,113,475 shares of the company’s stock worth $4,220,000 after acquiring an additional 252,061 shares during the period. Institutional investors own 78.64% of the company’s stock.

Marqeta Stock Up 0.8%

Marqeta stock opened at $5.04 on Friday. Marqeta, Inc. has a 52 week low of $3.37 and a 52 week high of $6.00. The business has a 50-day simple moving average of $4.15 and a 200 day simple moving average of $4.00. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 252.00 and a beta of 1.41.

Marqeta (NASDAQ:MQ) last posted its earnings results on Wednesday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business had revenue of $139.07 million during the quarter, compared to analysts’ expectations of $135.66 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, research analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MQ shares. Barclays lifted their price target on Marqeta from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. The Goldman Sachs Group lowered their target price on Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods boosted their target price on Marqeta from $4.00 to $4.50 and gave the company a “market perform” rating in a research note on Thursday, May 8th. Finally, UBS Group boosted their target price on Marqeta from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Thursday, May 8th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Marqeta presently has a consensus rating of “Hold” and a consensus target price of $5.09.

Marqeta Company Profile

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.