Key Points
- Jason Gardner sold 69,043 shares of Marqeta on Dec. 19 at an average price of $5.00 for $345,215, reducing his holding by about 19% to 293,334 shares (valued ≈ $1.47M).
- Marqeta reported revenue of $163.3M (up 27.7% year‑over‑year) and EPS of ($0.01) for the quarter—meeting estimates—but still shows negative net margin and return on equity.
- Analyst sentiment is weak with a consensus rating of "Reduce" and an average price target of $5.50; the stock trades around $5 with a $2.23B market cap and a 52‑week range of $3.47–$7.04.
Marqeta, Inc. (NASDAQ:MQ - Get Free Report) Director Jason Gardner sold 69,043 shares of the firm's stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $5.00, for a total value of $345,215.00. Following the completion of the transaction, the director owned 293,334 shares of the company's stock, valued at $1,466,670. The trade was a 19.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Marqeta Stock Performance
MQ opened at $5.07 on Friday. The business's 50-day simple moving average is $4.75 and its 200 day simple moving average is $5.42. Marqeta, Inc. has a 52-week low of $3.47 and a 52-week high of $7.04. The firm has a market capitalization of $2.23 billion, a PE ratio of -63.38 and a beta of 1.48.
Marqeta (NASDAQ:MQ - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $163.31 million during the quarter, compared to the consensus estimate of $148.37 million. Marqeta had a negative return on equity of 4.22% and a negative net margin of 6.74%.The firm's revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) EPS. On average, research analysts forecast that Marqeta, Inc. will post 0.06 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms recently weighed in on MQ. UBS Group decreased their target price on Marqeta from $5.75 to $5.00 and set a "neutral" rating on the stock in a report on Thursday, November 6th. The Goldman Sachs Group set a $5.00 price objective on shares of Marqeta and gave the company a "sell" rating in a report on Monday, October 13th. Weiss Ratings reissued a "sell (d)" rating on shares of Marqeta in a research report on Monday. Keefe, Bruyette & Woods decreased their price target on shares of Marqeta from $6.50 to $6.00 and set a "market perform" rating on the stock in a research note on Wednesday, October 1st. Finally, Zacks Research cut shares of Marqeta from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $5.50.
Read Our Latest Stock Analysis on Marqeta
Institutional Trading of Marqeta
Hedge funds and other institutional investors have recently modified their holdings of the stock. Mirabella Financial Services LLP acquired a new position in shares of Marqeta during the third quarter worth $166,000. CTC Alternative Strategies Ltd. acquired a new position in Marqeta in the 3rd quarter worth about $55,000. Tudor Investment Corp ET AL boosted its stake in shares of Marqeta by 1,078.8% during the third quarter. Tudor Investment Corp ET AL now owns 1,405,491 shares of the company's stock valued at $7,421,000 after purchasing an additional 1,286,258 shares in the last quarter. Swiss Life Asset Management Ltd grew its holdings in shares of Marqeta by 68.8% during the third quarter. Swiss Life Asset Management Ltd now owns 17,968 shares of the company's stock worth $95,000 after purchasing an additional 7,321 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Marqeta in the third quarter valued at approximately $217,000. Institutional investors own 78.64% of the company's stock.
About Marqeta
(
Get Free Report)
Marqeta is a modern card issuing and payment processing platform that enables businesses to design, launch and manage customized payment cards. The company offers a fully programmable open API that allows clients to create virtual, physical and tokenized payment cards with real-time transaction controls and dynamic spend limits. By leveraging Marqeta's infrastructure, companies can streamline their payment operations, reduce time to market and deliver tailored payment experiences to end consumers.
Founded in 2010 and headquartered in Oakland, California, Marqeta was established by CEO Jason Gardner with the goal of transforming traditional card issuance through cloud-native technology.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
