Marqeta, Inc. (NASDAQ:MQ – Get Rating) saw unusually large options trading activity on Thursday. Stock traders acquired 13,745 call options on the stock. This is an increase of approximately 47% compared to the average volume of 9,364 call options.
Marqeta Stock Performance
NASDAQ:MQ opened at $10.96 on Friday. The company has a fifty day moving average of $9.53 and a two-hundred day moving average of $10.12. The stock has a market capitalization of $5.95 billion, a PE ratio of -19.93 and a beta of 2.59. Marqeta has a fifty-two week low of $6.05 and a fifty-two week high of $37.90.
Marqeta (NASDAQ:MQ – Get Rating) last released its earnings results on Wednesday, May 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Marqeta had a negative return on equity of 13.49% and a negative net margin of 36.80%. The business had revenue of $166.10 million for the quarter, compared to analysts’ expectations of $161.01 million. Research analysts forecast that Marqeta will post -0.42 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Insiders Place Their Bets
In other Marqeta news, insider Seth R. Weissman sold 100,000 shares of Marqeta stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $9.50, for a total transaction of $950,000.00. Following the completion of the sale, the insider now directly owns 6,157 shares in the company, valued at approximately $58,491.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Institutional Investors Weigh In On Marqeta
Large investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC purchased a new stake in shares of Marqeta during the first quarter worth $200,000. Bronson Point Management LLC purchased a new stake in shares of Marqeta during the fourth quarter worth $52,000. CWM LLC purchased a new stake in shares of Marqeta during the fourth quarter worth $54,000. Advisors Asset Management Inc. purchased a new stake in shares of Marqeta during the first quarter worth $38,000. Finally, FourThought Financial LLC purchased a new stake in shares of Marqeta in the first quarter valued at about $51,000. Hedge funds and other institutional investors own 50.31% of the company’s stock.
Marqeta, Inc operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs. It offers its solutions in various verticals, including commerce disruptors, digital banks, tech giants, and financial institutions.
- Get a free copy of the StockNews.com research report on Marqeta (MQ)
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