Investors Show Increased Interest in Marqeta Call Options

Marqeta, Inc. (NASDAQ:MQ) experienced a notable surge in options trading activity on Thursday, as investors purchased a significant 8,064 call options for the stock. This marks a remarkable increase of about 134% over the average daily volume of 3,450 call options.

Recent Analyst Ratings

Several analysts have recently provided updates on Marqeta. On December 17th, Barclays maintained an "equal weight" rating, with a new price target of $4.00, reduced from a previous target of $5.00. Similarly, Susquehanna lowered its price target from $9.00 to $7.00 while maintaining a "positive" rating on the stock. KeyCorp also adjusted its stance, changing its rating from "overweight" to "sector weight" on November 5th. Morgan Stanley revised its target price from $7.00 to $5.00, continuing with an "equal weight" rating. The Goldman Sachs Group set a neutral rating on the stock, reducing their price target from $4.50 to $4.00. In total, eleven analysts have rated Marqeta as a hold, while four have given it a buy rating. According to MarketBeat, the consensus rating for the stock remains a "Hold" with an average price target of $5.65.

Obtain the Latest Analysis for MQ

Marqeta's Stock Performance

During midday trading on Thursday, Marqeta's shares rose by $0.66, reaching a price of $4.17. The trading volume was 10,287,715 shares, exceeding the typical average of 4,718,355 shares. Over the past year, Marqeta's stock has fluctuated between a low of $3.37 and a high of $7.36. The company now has a market capitalization of $2.09 billion, a price-to-earnings ratio of 209.25, and a beta of 1.52. Currently, Marqeta is trading above its 50-day simple moving average of $3.76 and its 200-day simple moving average of $4.40.

Marqeta (NASDAQ:MQ) most recently reported its quarterly earnings on February 26th, where it announced an earnings per share of ($0.05), which exceeded the analysts' predictions of ($0.10) by $0.05. The company generated revenues of $135.79 million, surpassing the expected revenue of $132.71 million. Marqeta recorded a return on equity of 1.20% and a net margin of 2.86%. Analysts anticipate that Marqeta will achieve an earnings per share of 0.06 for the current fiscal year.

Institutional Investment Activity

Recently, various hedge funds have been active in buying and selling shares of Marqeta. Headlands Technologies LLC initiated a new position in the company during the fourth quarter, investing approximately $33,000. Similarly, Blueshift Asset Management LLC acquired a new stake in Marqeta valued at $38,000 during the same period. Covestor Ltd significantly increased its holdings in Marqeta by 1,255.4% in the fourth quarter, currently owning 10,030 shares worth $38,000 due to the acquisition of an additional 9,290 shares. Bank of Montreal Can also enhanced its stake in Marqeta by 125.6%, totaling 10,030 shares valued at $38,000 following a purchase of an additional 49,243 shares. Lastly, Stifel Financial Corp acquired a new position in Marqeta during the fourth quarter for about $41,000. Overall, institutional investors and hedge funds own approximately 78.64% of Marqeta's stock.

About Marqeta, Inc.

Marqeta, Inc. operates a cloud-based platform that provides card issuing and transaction processing services through an open application programming interface. The company's services span various sectors, including financial services, on-demand services, expense management, and e-commerce, as well as providing solutions for buy now, pay later models.

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