Marqeta, Inc. $MQ Position Lowered by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. reduced its position in Marqeta, Inc. (NASDAQ:MQ) by 8.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 225,301 shares of the company’s stock after selling 20,727 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Marqeta were worth $1,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of Marqeta in the 1st quarter valued at approximately $698,000. Invesco Ltd. lifted its stake in Marqeta by 7.6% during the first quarter. Invesco Ltd. now owns 5,797,217 shares of the company’s stock worth $23,885,000 after purchasing an additional 411,571 shares during the last quarter. TD Asset Management Inc increased its stake in Marqeta by 62.2% during the second quarter. TD Asset Management Inc now owns 622,848 shares of the company’s stock valued at $3,631,000 after purchasing an additional 238,748 shares during the last quarter. Arnhold LLC raised its holdings in shares of Marqeta by 11.6% during the second quarter. Arnhold LLC now owns 2,401,932 shares of the company’s stock worth $14,003,000 after purchasing an additional 248,918 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in shares of Marqeta in the 1st quarter worth about $252,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. The Goldman Sachs Group set a $5.00 price target on Marqeta and gave the stock a “sell” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Marqeta in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods reduced their target price on shares of Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. raised their price target on shares of Marqeta from $6.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, Citigroup upgraded Marqeta to a “hold” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.50.

Marqeta Stock Down 1.4%

Shares of Marqeta stock opened at $4.96 on Friday. Marqeta, Inc. has a 12-month low of $3.47 and a 12-month high of $7.04. The firm has a market capitalization of $2.22 billion, a PE ratio of -62.00 and a beta of 1.49. The stock’s fifty day moving average is $5.12 and its 200-day moving average is $5.41.

Marqeta (NASDAQ:MQ) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Marqeta had a negative net margin of 6.74% and a negative return on equity of 4.22%. The business had revenue of $163.31 million for the quarter, compared to analyst estimates of $148.37 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The firm’s revenue was up 27.7% compared to the same quarter last year. Marqeta has set its Q4 2025 guidance at EPS. Analysts expect that Marqeta, Inc. will post 0.06 EPS for the current year.

Insider Activity

In other Marqeta news, Director Jason M. Gardner sold 31,627 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total value of $197,985.02. Following the completion of the sale, the director directly owned 15,367,373 shares of the company’s stock, valued at $96,199,754.98. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.61% of the stock is currently owned by corporate insiders.

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.