oppenheimer asset management inc. During the second quarter, Marketa, Inc. (NASDAQ: MQ – Get Rating) to 69.7%, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,117 shares of the company’s stock after buying an additional 8,671 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Marketa were worth $171,000, as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also increased or decreased their stakes in the business. Aaron Wealth Advisors LLC purchased a new stake in Marketa’s shares worth approximately $200,000 during the first quarter. Advisors Asset Management Inc. bought a new stake in Marketa worth $38,000 in the first quarter. Forethought Financial LLC purchased a new position in shares of Marketa worth approximately $51,000 in the first quarter. Captrust Financial Advisors purchased a new position in Marketa shares valued at approximately $53,000 during the first quarter. Finally, GPS Wealth Strategies Group LLC purchased a new stake in Marketa’s shares worth approximately $51,000 during the second quarter. 67.04% of the stock is held by institutional investors.
Wall Street analysts weigh in
Several research analysts have recently issued reports on MQ shares. Barclays cut its price target on Marketa from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday. Truest Financial cut its target price on Marketa from $16.00 to $12.00 and set a “buy” rating on the company in a report on Thursday, October 13. Citigroup raised its target price on shares of Marketa to $14.00 in a research note on Monday, August 15. Morgan Stanley cut its price target on shares of Marketa from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Monday, November 7. Finally, DA Davidson initiated coverage on Marketa in a research report on Wednesday, November 9. He set a “neutral” rating and $7.25 price objective on the stock. One investment analyst has rated the stock with a Sell rating, five have given a Hold rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.42.
marketa stock performance
Shares of MQ stock opened Friday at $6.50. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of -18.06 and a beta of 2.19. Marqeta, Inc. The One Year Low was $6.05 and the One Year High was $24.71. The company’s 50-day moving average is $7.24 and its 200-day moving average is $8.43.
Marketa Company Profile
Marqeta, Inc operates a cloud-based open application programming interface platform that provides card issuance and transaction processing services to developers, technical product managers and visionary entrepreneurs. It provides its solutions across various verticals, including commerce disruption, digital banks, tech giants, and financial institutions.
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