Intech Investment Management LLC Cuts Stake in Marqeta, Inc. $MQ

Intech Investment Management LLC lessened its stake in shares of Marqeta, Inc. (NASDAQ:MQ) by 9.0% in the 2nd quarter, Holdings Channel reports. The firm owned 262,056 shares of the company’s stock after selling 26,058 shares during the period. Intech Investment Management LLC’s holdings in Marqeta were worth $1,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Alpine Global Management LLC purchased a new stake in Marqeta during the 1st quarter worth approximately $42,000. Blueshift Asset Management LLC lifted its position in shares of Marqeta by 23.2% in the first quarter. Blueshift Asset Management LLC now owns 12,400 shares of the company’s stock valued at $51,000 after acquiring an additional 2,333 shares in the last quarter. R Squared Ltd boosted its stake in shares of Marqeta by 624.1% in the first quarter. R Squared Ltd now owns 13,106 shares of the company’s stock worth $54,000 after acquiring an additional 11,296 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Marqeta by 61.8% during the second quarter. Nisa Investment Advisors LLC now owns 9,787 shares of the company’s stock worth $57,000 after purchasing an additional 3,737 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Marqeta during the first quarter worth approximately $57,000. 78.64% of the stock is owned by hedge funds and other institutional investors.

Marqeta Trading Up 2.6%

Shares of MQ stock opened at $4.74 on Friday. Marqeta, Inc. has a twelve month low of $3.47 and a twelve month high of $7.04. The company’s 50-day moving average price is $4.97 and its 200-day moving average price is $5.45. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -59.25 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $163.31 million during the quarter, compared to analysts’ expectations of $148.37 million. Marqeta had a negative net margin of 6.74% and a negative return on equity of 4.22%. Marqeta’s revenue was up 27.7% compared to the same quarter last year. During the same period last year, the business earned ($0.06) earnings per share. Marqeta has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Marqeta, Inc. will post 0.06 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group set a $5.00 price objective on Marqeta and gave the company a “sell” rating in a report on Monday, October 13th. Citigroup upgraded shares of Marqeta to a “hold” rating in a research report on Thursday, October 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Marqeta in a research report on Monday, November 17th. Zacks Research cut shares of Marqeta from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Marqeta currently has a consensus rating of “Reduce” and an average target price of $5.50.

Insider Activity at Marqeta

In other news, Director Jason M. Gardner sold 31,627 shares of Marqeta stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total transaction of $197,985.02. Following the sale, the director owned 15,367,373 shares of the company’s stock, valued at approximately $96,199,754.98. The trade was a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 12.61% of the company’s stock.

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.