Marqeta, Inc. (NASDAQ:MQ) Position Boosted by KBC Group NV

KBC Group NV increased its holdings in Marqeta, Inc. (NASDAQ:MQ) by 68.8% during the fourth quarter, Holdings Channel reports. The firm owned 22,546 shares of the company’s stock after purchasing an additional 9,186 shares during the period. KBC Group NV’s holdings in Marqeta were worth $85,000 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. Primecap Management Co. CA raised its holdings in Marqeta by 0.7% during the 3rd quarter. Primecap Management Co. CA now owns 488,300 shares of the company’s stock worth $2,402,000 after buying an additional 3,627 shares during the period. Atria Investments Inc increased its position in shares of Marqeta by 32.7% in the third quarter. Atria Investments Inc now owns 37,485 shares of the company’s stock worth $184,000 after acquiring an additional 9,235 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Marqeta during the third quarter valued at approximately $57,000. AQR Capital Management LLC lifted its position in shares of Marqeta by 62.3% in the 2nd quarter. AQR Capital Management LLC now owns 30,805 shares of the company’s stock valued at $169,000 after acquiring an additional 11,821 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Marqeta in the 3rd quarter worth approximately $59,000. 78.64% of the stock is owned by institutional investors and hedge funds.

Marqeta Trading Down 1.3 %

MQ stock opened at $3.74 on Monday. The firm has a market cap of $1.88 billion, a PE ratio of 187.00 and a beta of 1.52. Marqeta, Inc. has a 1 year low of $3.37 and a 1 year high of $7.36. The company has a fifty day simple moving average of $3.81 and a 200 day simple moving average of $4.53.

Wall Street Analysts Forecast Growth

MQ has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Marqeta from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Monday, January 6th. Mizuho reduced their price objective on Marqeta from $7.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, November 5th. Morgan Stanley lowered their target price on Marqeta from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Barclays reissued an “equal weight” rating and issued a $4.00 price target (down from $5.00) on shares of Marqeta in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group lowered their price objective on shares of Marqeta from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.75.

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.