SG Americas Securities LLC Has $792,000 Stock Position in Marqeta, Inc. (NASDAQ:MQ)

SG Americas Securities LLC grew its holdings in Marqeta, Inc. (NASDAQ:MQ) by 401.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 192,216 shares of the company’s stock after buying an additional 153,861 shares during the quarter. SG Americas Securities LLC’s holdings in Marqeta were worth $792,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new position in shares of Marqeta in the 4th quarter worth $98,000. Empowered Funds LLC grew its stake in Marqeta by 324.6% in the fourth quarter. Empowered Funds LLC now owns 55,793 shares of the company’s stock valued at $211,000 after purchasing an additional 42,653 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Marqeta by 7.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,670 shares of the company’s stock worth $174,000 after acquiring an additional 3,155 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Marqeta by 45.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 538,247 shares of the company’s stock valued at $2,040,000 after purchasing an additional 168,177 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of Marqeta by 11.2% during the 4th quarter. Handelsbanken Fonder AB now owns 106,100 shares of the company’s stock worth $402,000 after acquiring an additional 10,700 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MQ shares. Keefe, Bruyette & Woods boosted their price target on Marqeta from $4.00 to $4.50 and gave the company a “market perform” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upgraded Marqeta from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $5.00 to $6.00 in a research report on Monday, May 19th. UBS Group upped their price target on shares of Marqeta from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. Barclays boosted their target price on shares of Marqeta from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Finally, The Goldman Sachs Group cut their price objective on Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Marqeta currently has a consensus rating of “Hold” and a consensus price target of $5.18.

Marqeta Stock Down 1.4%

Shares of MQ opened at $5.51 on Friday. The stock has a market cap of $2.58 billion, a P/E ratio of 55.10 and a beta of 1.53. The business’s fifty day moving average is $4.74 and its 200 day moving average is $4.19. Marqeta, Inc. has a 12-month low of $3.37 and a 12-month high of $6.00.

Marqeta (NASDAQ:MQ) last announced its earnings results on Wednesday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. Marqeta had a return on equity of 5.11% and a net margin of 10.43%. The firm had revenue of $139.07 million during the quarter, compared to analyst estimates of $135.66 million. During the same period last year, the firm posted ($0.07) EPS. The business’s revenue was up 17.9% compared to the same quarter last year. On average, analysts expect that Marqeta, Inc. will post 0.06 EPS for the current year.

Marqeta 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.