XTX Topco Ltd Buys 178,455 Shares of Marqeta, Inc. (NASDAQ:MQ)

XTX Topco Ltd increased its stake in shares of Marqeta, Inc. (NASDAQ:MQ) by 1,359.0% in the third quarter, Holdings Channel.com reports. The fund owned 191,586 shares of the company’s stock after purchasing an additional 178,455 shares during the period. XTX Topco Ltd’s holdings in Marqeta were worth $943,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. J.Safra Asset Management Corp raised its stake in Marqeta by 633.2% during the second quarter. J.Safra Asset Management Corp now owns 6,137 shares of the company’s stock valued at $34,000 after purchasing an additional 5,300 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Marqeta during the third quarter valued at $57,000. CreativeOne Wealth LLC purchased a new stake in Marqeta during the third quarter valued at $59,000. Magnetar Financial LLC purchased a new stake in Marqeta during the second quarter valued at $61,000. Finally, Castleview Partners LLC purchased a new stake in Marqeta during the third quarter valued at $77,000. Institutional investors own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MQ shares. JPMorgan Chase & Co. reduced their target price on shares of Marqeta from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft downgraded shares of Marqeta from a “buy” rating to a “hold” rating and dropped their target price for the stock from $9.00 to $4.00 in a research report on Tuesday, November 5th. Monness Crespi & Hardt cut shares of Marqeta from a “buy” rating to a “neutral” rating and set a $7.50 target price for the company. in a research note on Tuesday, November 5th. Susquehanna decreased their target price on shares of Marqeta from $9.00 to $7.00 and set a “positive” rating for the company in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group reduced their price objective on shares of Marqeta from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.23.

Marqeta Stock Down 0.5 %

Shares of NASDAQ:MQ opened at $3.94 on Wednesday. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 197.00 and a beta of 1.55. Marqeta, Inc. has a fifty-two week low of $3.37 and a fifty-two week high of $7.36. The firm’s 50 day moving average price is $4.53 and its 200 day moving average price is $5.00.

Marqeta (NASDAQ:MQ) last announced its earnings results on Monday, November 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Marqeta had a return on equity of 1.20% and a net margin of 2.86%. The business had revenue of $127.90 million for the quarter, compared to analysts’ expectations of $128.05 million. During the same quarter last year, the business posted ($0.07) earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. On average, equities analysts anticipate that Marqeta, Inc. will post 0.06 EPS for the current year.

About Marqeta

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.