Key Points
- Marqeta director Judson Linville bought 25,570 shares on Feb. 27 at $3.93 each (≈$100,490), raising his position 32.5% to 104,220 shares, according to an SEC filing.
- The company beat quarterly estimates—EPS $0.00 vs. -$0.01 and revenue $172.11M vs. $167.05M, with revenue up 26.7% year‑over‑year—yet remains unprofitable with a negative net margin and return on equity.
- Analyst sentiment is mixed: MarketBeat shows a consensus rating of "Reduce" with a $5.14 average target, though JPMorgan rates it Overweight with a $6 target; the stock trades near $3.89 with a ~$1.7B market cap.
Marqeta, Inc. (NASDAQ:MQ - Get Free Report) Director Judson Linville bought 25,570 shares of the company's stock in a transaction on Friday, February 27th. The shares were bought at an average cost of $3.93 per share, for a total transaction of $100,490.10. Following the transaction, the director owned 104,220 shares in the company, valued at $409,584.60. The trade was a 32.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Marqeta Trading Up 1.3%
NASDAQ MQ opened at $3.89 on Tuesday. Marqeta, Inc. has a 12-month low of $3.47 and a 12-month high of $7.04. The company has a fifty day simple moving average of $4.37 and a two-hundred day simple moving average of $4.91. The stock has a market cap of $1.71 billion, a P/E ratio of -129.67 and a beta of 1.48.
Marqeta (NASDAQ:MQ - Get Free Report) last released its earnings results on Tuesday, February 24th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01. The firm had revenue of $172.11 million for the quarter, compared to the consensus estimate of $167.05 million. Marqeta had a negative return on equity of 1.62% and a negative net margin of 2.23%.The firm's revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, sell-side analysts forecast that Marqeta, Inc. will post 0.06 earnings per share for the current year.
Hedge Funds Weigh In On Marqeta
Several institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in Marqeta during the third quarter worth $26,000. EFG International AG acquired a new position in shares of Marqeta in the fourth quarter worth about $27,000. CWM LLC boosted its stake in shares of Marqeta by 82.2% during the 4th quarter. CWM LLC now owns 6,254 shares of the company's stock worth $30,000 after acquiring an additional 2,821 shares in the last quarter. Leonteq Securities AG acquired a new stake in shares of Marqeta during the 4th quarter valued at about $33,000. Finally, Amundi purchased a new position in shares of Marqeta in the 4th quarter valued at about $48,000. 78.64% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently commented on MQ. JPMorgan Chase & Co. began coverage on Marqeta in a research report on Tuesday, February 17th. They issued an "overweight" rating and a $6.00 target price on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Marqeta in a research note on Monday, December 29th. Zacks Research lowered shares of Marqeta from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 20th. UBS Group reduced their target price on shares of Marqeta from $5.00 to $4.25 and set a "neutral" rating for the company in a report on Wednesday, February 25th. Finally, Morgan Stanley lowered their price target on shares of Marqeta from $6.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $5.14.
View Our Latest Research Report on MQ
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.
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