Marqeta, Inc. (NASDAQ:MQ) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its position in shares of Marqeta, Inc. (NASDAQ:MQ) by 45.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 575,451 shares of the company’s stock after selling 484,151 shares during the quarter. Deutsche Bank AG owned about 0.11% of Marqeta worth $2,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Congress Asset Management Co. raised its stake in Marqeta by 7.6% during the fourth quarter. Congress Asset Management Co. now owns 1,135,842 shares of the company’s stock valued at $4,305,000 after buying an additional 80,161 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Marqeta during the fourth quarter valued at approximately $288,000. Xponance Inc. raised its stake in Marqeta by 11.5% during the fourth quarter. Xponance Inc. now owns 34,314 shares of the company’s stock valued at $130,000 after buying an additional 3,546 shares in the last quarter. Northern Trust Corp raised its stake in Marqeta by 3.9% during the fourth quarter. Northern Trust Corp now owns 4,301,993 shares of the company’s stock valued at $16,305,000 after buying an additional 161,968 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Marqeta during the fourth quarter valued at approximately $1,520,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Marqeta Price Performance

Shares of MQ stock opened at $5.20 on Friday. Marqeta, Inc. has a 12-month low of $3.37 and a 12-month high of $6.00. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 260.00 and a beta of 1.41. The business has a 50 day simple moving average of $4.24 and a 200 day simple moving average of $3.99.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $135.66 million. During the same period in the prior year, the company posted ($0.07) EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MQ shares. The Goldman Sachs Group lowered their target price on Marqeta from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. UBS Group upped their target price on Marqeta from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. JPMorgan Chase & Co. raised Marqeta from a “neutral” rating to an “overweight” rating and upped their target price for the company from $5.00 to $6.00 in a report on Monday. Keefe, Bruyette & Woods upped their target price on Marqeta from $4.00 to $4.50 and gave the company a “market perform” rating in a report on Thursday, May 8th. Finally, Barclays upped their target price on Marqeta from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.18.

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.