Marqeta, Inc. $MQ Shares Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL lifted its position in shares of Marqeta, Inc. (NASDAQ:MQ) by 1,078.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,405,491 shares of the company’s stock after purchasing an additional 1,286,258 shares during the quarter. Tudor Investment Corp ET AL owned 0.32% of Marqeta worth $7,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mirabella Financial Services LLP acquired a new stake in shares of Marqeta during the 3rd quarter worth approximately $166,000. CTC Alternative Strategies Ltd. acquired a new stake in shares of Marqeta during the 3rd quarter worth approximately $55,000. Swiss Life Asset Management Ltd grew its stake in shares of Marqeta by 68.8% during the 3rd 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 period. CIBC Bancorp USA Inc. acquired a new stake in shares of Marqeta during the 3rd quarter worth approximately $217,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Marqeta during the 3rd quarter worth approximately $120,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Transactions at Marqeta

In related news, Director Judson C. Linville purchased 25,570 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The shares were purchased at an average price of $3.93 per share, with a total value of $100,490.10. Following the purchase, the director owned 104,220 shares of the company’s stock, valued at $409,584.60. The trade was a 32.51% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 12.61% of the company’s stock.

Marqeta Stock Performance

Marqeta stock opened at $3.99 on Wednesday. The company’s fifty day moving average price is $4.06 and its 200 day moving average price is $4.54. Marqeta, Inc. has a 1 year low of $3.66 and a 1 year high of $7.04. The stock has a market capitalization of $1.70 billion, a P/E ratio of -133.00 and a beta of 1.39.

Marqeta (NASDAQ:MQ) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Marqeta had a negative net margin of 2.23% and a negative return on equity of 1.62%. The firm had revenue of $172.11 million for the quarter, compared to analysts’ expectations of $167.05 million. During the same quarter last year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 26.7% compared to the same quarter last year. Sell-side analysts predict that Marqeta, Inc. will post 0.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MQ. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marqeta in a research note on Friday, March 27th. Wolfe Research cut shares of Marqeta from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Morgan Stanley dropped their price objective on shares of Marqeta from $6.00 to $5.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods dropped their price objective on shares of Marqeta from $6.00 to $5.50 and set a “market perform” rating on the stock in a research note on Friday, January 2nd. Finally, JPMorgan Chase & Co. began coverage on shares of Marqeta in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $6.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Marqeta currently has an average rating of “Reduce” and an average target price of $5.14.

Marqeta 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.