Marqeta, Inc. $MQ Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Marqeta, Inc. (NASDAQ:MQ) by 603.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,095,787 shares of the company’s stock after acquiring an additional 940,022 shares during the period. SG Americas Securities LLC owned 0.25% of Marqeta worth $5,205,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MQ. Quarry LP purchased a new position in Marqeta in the third quarter valued at approximately $26,000. CTC Alternative Strategies Ltd. purchased a new stake in shares of Marqeta during the 3rd quarter worth approximately $55,000. AQR Capital Management LLC purchased a new stake in shares of Marqeta during the 1st quarter worth approximately $57,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Marqeta in the 3rd quarter valued at $60,000. Finally, Prelude Capital Management LLC purchased a new position in shares of Marqeta in the 3rd quarter valued at $62,000. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insider Activity

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, for a total transaction of $100,490.10. Following the transaction, the director directly owned 104,220 shares of the company’s stock, valued at approximately $409,584.60. The trade was a 32.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 12.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MQ has been the topic of several research analyst reports. Morgan Stanley cut their price target 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. Wolfe Research downgraded shares of Marqeta from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Marqeta in a research report on Friday, March 27th. Keefe, Bruyette & Woods reduced their target price on Marqeta from $6.00 to $5.50 and set a “market perform” rating for the company in a report on Friday, January 2nd. Finally, JPMorgan Chase & Co. assumed coverage on Marqeta in a research report on Tuesday, February 17th. They issued an “overweight” rating and a $6.00 target price for the company. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $5.14.

Marqeta Price Performance

Shares of Marqeta stock opened at $3.93 on Thursday. The firm’s fifty day simple moving average is $4.09 and its 200-day simple moving average is $4.60. Marqeta, Inc. has a 12 month low of $3.47 and a 12 month high of $7.04. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -131.00 and a beta of 1.39.

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

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.