Sei Investments Co. Decreases Stock Holdings in Marqeta, Inc. (NASDAQ:MQ)

Sei Investments Co. reduced its position in shares of Marqeta, Inc. (NASDAQ:MQ) by 93.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,682 shares of the company’s stock after selling 240,982 shares during the quarter. Sei Investments Co.’s holdings in Marqeta were worth $63,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Blueshift Asset Management LLC purchased a new position in shares of Marqeta during the fourth quarter valued at approximately $38,000. Certuity LLC bought a new stake in shares of Marqeta during the 4th quarter worth approximately $44,000. apricus wealth LLC purchased a new position in Marqeta during the 4th quarter valued at $51,000. KBC Group NV grew 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 last quarter. Finally, Tallon Kerry Patrick purchased a new stake in Marqeta in the fourth quarter worth $98,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MQ shares. Barclays reissued an “equal weight” rating and set a $4.00 target price (down from $5.00) on shares of Marqeta in a research note on Tuesday, December 17th. Wells Fargo & Company lowered their price objective on shares of Marqeta from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Thursday, January 16th. Keefe, Bruyette & Woods dropped 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. Finally, The Goldman Sachs Group decreased their price target on shares of Marqeta from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Wednesday, April 2nd. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.29.

Marqeta Stock Up 0.3 %

Marqeta stock opened at $3.85 on Friday. Marqeta, Inc. has a twelve month low of $3.37 and a twelve month high of $6.01. The business has a fifty day moving average of $3.99 and a two-hundred day moving average of $4.15. The firm has a market cap of $1.94 billion, a P/E ratio of 192.50 and a beta of 1.42.

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