ANTIPODES PARTNERS Ltd Makes New Investment in Marqeta, Inc. (NASDAQ:MQ)

ANTIPODES PARTNERS Ltd purchased a new position in Marqeta, Inc. (NASDAQ:MQ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 29,359 shares of the company’s stock, valued at approximately $111,000.

Several other hedge funds have also made changes to their positions in MQ. Certuity LLC bought a new stake in shares of Marqeta in the 4th quarter worth approximately $44,000. apricus wealth LLC bought a new stake in shares of Marqeta in the 4th quarter worth approximately $51,000. Point72 DIFC Ltd bought a new stake in shares of Marqeta in the 3rd quarter worth approximately $57,000. CreativeOne Wealth LLC acquired a new stake in Marqeta in the 3rd quarter valued at approximately $59,000. Finally, KBC Group NV increased its position in Marqeta by 68.8% in the 4th quarter. KBC Group NV now owns 22,546 shares of the company’s stock valued at $85,000 after acquiring an additional 9,186 shares during the period. Institutional investors own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MQ. Keefe, Bruyette & Woods lowered their target price on Marqeta from $5.00 to $4.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company lowered their target price on Marqeta from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Barclays restated an “equal weight” rating and issued a $4.00 target price (down from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their target price on Marqeta from $4.00 to $4.50 and gave the company a “neutral” rating in a research report on Thursday, February 27th. Eleven 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 presently has a consensus rating of “Hold” and a consensus target price of $5.33.

Marqeta Stock Up 1.0 %

Shares of Marqeta stock opened at $3.94 on Thursday. The stock has a market cap of $1.99 billion, a PE ratio of 197.00 and a beta of 1.49. The business has a fifty day simple moving average of $3.83 and a 200-day simple moving average of $4.31. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $6.44.

Marqeta (NASDAQ:MQ) last issued its earnings results on Wednesday, February 26th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.05. The business had revenue of $135.79 million during the quarter, compared to analysts’ expectations of $132.71 million. Marqeta had a return on equity of 1.20% and a net margin of 2.86%. Analysts expect that Marqeta, Inc. will post 0.06 EPS for the current fiscal 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.