State of New Jersey Common Pension Fund D Has $2.04 Million Position in Marqeta, Inc. (NASDAQ:MQ)

State of New Jersey Common Pension Fund D grew its holdings in Marqeta, Inc. (NASDAQ:MQ) by 45.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 538,247 shares of the company’s stock after purchasing an additional 168,177 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.11% of Marqeta worth $2,040,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MQ. Certuity LLC acquired a new stake in Marqeta during the fourth quarter worth $44,000. apricus wealth LLC acquired a new position in shares of Marqeta in the 4th quarter valued at $51,000. Point72 DIFC Ltd acquired a new position in shares of Marqeta in the 3rd quarter valued at $57,000. CreativeOne Wealth LLC acquired a new position in shares of Marqeta in the 3rd quarter valued at $59,000. Finally, KBC Group NV raised its stake in shares of 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 buying an additional 9,186 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Marqeta Stock Down 5.9 %

Shares of NASDAQ:MQ opened at $3.69 on Friday. Marqeta, Inc. has a 12 month low of $3.37 and a 12 month high of $7.36. The company’s 50-day moving average price is $3.77 and its two-hundred day moving average price is $4.43. The firm has a market cap of $1.85 billion, a P/E ratio of 184.50 and a beta of 1.52.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Susquehanna dropped their price objective 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. Morgan Stanley dropped their price objective on shares of Marqeta from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut shares of Marqeta from a “buy” rating to a “hold” rating and dropped their price objective for the company from $9.00 to $4.00 in a research note on Tuesday, November 5th. Monness Crespi & Hardt cut shares of Marqeta from a “buy” rating to a “neutral” rating and set a $7.50 price objective for the company. in a research note on Tuesday, November 5th. Finally, KeyCorp lowered shares of Marqeta from an “overweight” rating to a “sector weight” rating in a report on Tuesday, November 5th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.65.

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.