GSA Capital Partners LLP Acquires 143,502 Shares of Marqeta, Inc. $MQ

GSA Capital Partners LLP lifted its stake in Marqeta, Inc. (NASDAQ:MQ) by 381.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,166 shares of the company’s stock after purchasing an additional 143,502 shares during the period. GSA Capital Partners LLP’s holdings in Marqeta were worth $957,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MQ. Arrowstreet Capital Limited Partnership bought a new stake in Marqeta during the second quarter valued at about $44,463,000. Invesco Ltd. raised its stake in shares of Marqeta by 8.1% in the second quarter. Invesco Ltd. now owns 6,268,848 shares of the company’s stock worth $36,547,000 after buying an additional 471,631 shares during the period. Bank of America Corp DE lifted its position in shares of Marqeta by 20.0% during the 2nd quarter. Bank of America Corp DE now owns 2,461,147 shares of the company’s stock valued at $14,348,000 after buying an additional 409,897 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Marqeta by 193.0% during the 3rd quarter. Nordea Investment Management AB now owns 2,360,309 shares of the company’s stock valued at $12,510,000 after acquiring an additional 1,554,741 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Marqeta by 1,224.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,897,823 shares of the company’s stock valued at $11,064,000 after acquiring an additional 1,754,539 shares during the period. 78.64% of the stock is owned by institutional investors.

Marqeta Stock Performance

MQ stock opened at $4.24 on Friday. Marqeta, Inc. has a one year low of $3.47 and a one year high of $7.04. The company’s fifty day moving average price is $4.49 and its 200-day moving average price is $5.03. The company has a market capitalization of $1.87 billion, a PE ratio of -53.00 and a beta of 1.48.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MQ. Zacks Research downgraded shares of Marqeta from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. UBS Group reduced their price objective on shares of Marqeta from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wolfe Research cut shares of Marqeta from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marqeta in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods cut their price target on Marqeta from $6.00 to $5.50 and set a “market perform” rating for the company in a research note on Friday, January 2nd. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Marqeta presently has a consensus rating of “Reduce” and an average price target of $5.25.

Insider Buying and Selling

In other Marqeta news, Director Jason M. Gardner sold 69,043 shares of the business’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $5.00, for a total value of $345,215.00. Following the sale, the director owned 293,334 shares in the company, valued at $1,466,670. The trade was a 19.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 218,509 shares of company stock valued at $1,092,545. 12.61% of the stock is owned by insiders.

Marqeta Company Profile

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.