Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 15,100 Marqeta, Inc. (NASDAQ:MQ)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Marqeta, Inc. (NASDAQ:MQ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,100 shares of the company’s stock, valued at approximately $62,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Marqeta in the 4th quarter worth approximately $288,000. Allspring Global Investments Holdings LLC grew its position in shares of Marqeta by 44.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 67,579 shares of the company’s stock worth $287,000 after buying an additional 20,909 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Marqeta in the 4th quarter worth approximately $1,520,000. Northern Trust Corp grew its position in shares of Marqeta by 3.9% in the 4th quarter. Northern Trust Corp now owns 4,301,993 shares of the company’s stock worth $16,305,000 after buying an additional 161,968 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. purchased a new position in shares of Marqeta in the 4th quarter worth approximately $778,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MQ. JPMorgan Chase & Co. raised shares of Marqeta from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $5.00 to $6.00 in a research report on Monday, May 19th. Barclays lifted their target price on shares of Marqeta from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. UBS Group lifted their target price on shares of Marqeta from $4.75 to $5.00 and gave the stock a “neutral” rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Marqeta in a research note on Thursday, July 17th. They issued a “hold” rating and a $6.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Marqeta from $4.50 to $6.50 and gave the stock a “market perform” rating in a research note on Wednesday, July 9th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $5.55.

Marqeta Stock Performance

Shares of NASDAQ MQ opened at $5.59 on Wednesday. The firm has a market cap of $2.62 billion, a PE ratio of 55.90 and a beta of 1.54. The firm has a fifty day moving average of $5.67 and a 200 day moving average of $4.65. Marqeta, Inc. has a one year low of $3.37 and a one year high of $6.01.

Marqeta (NASDAQ:MQ) last released its earnings results 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. The business had revenue of $139.07 million during the quarter, compared to analyst estimates of $135.66 million. Marqeta had a net margin of 10.43% and a return on equity of 5.11%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. On average, equities analysts predict that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

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.