Nisa Investment Advisors LLC Sells 4,683 Shares of Marqeta, Inc. (NASDAQ:MQ)

Nisa Investment Advisors LLC lessened its holdings in Marqeta, Inc. (NASDAQ:MQ) by 29.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,406 shares of the company’s stock after selling 4,683 shares during the period. Nisa Investment Advisors LLC’s holdings in Marqeta were worth $63,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Marqeta by 3.6% in the first quarter. Vanguard Group Inc. now owns 47,435,778 shares of the company’s stock worth $282,717,000 after acquiring an additional 1,642,621 shares during the period. Norges Bank acquired a new stake in shares of Marqeta during the 4th quarter worth approximately $27,739,000. Dimensional Fund Advisors LP increased its stake in shares of Marqeta by 16.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,306 shares of the company’s stock valued at $44,015,000 after acquiring an additional 900,675 shares in the last quarter. One Fin Capital Management LP lifted its position in shares of Marqeta by 10.0% during the 4th quarter. One Fin Capital Management LP now owns 2,200,000 shares of the company’s stock valued at $15,356,000 after acquiring an additional 200,000 shares during the period. Finally, Gillson Capital LP bought a new position in Marqeta during the fourth quarter worth $8,254,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

MQ has been the topic of a number of research analyst reports. Monness Crespi & Hardt increased their price objective on shares of Marqeta from $7.50 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $5.50 target price on shares of Marqeta in a report on Monday, June 24th. JPMorgan Chase & Co. lowered their price objective on shares of Marqeta from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. UBS Group dropped their price target on shares of Marqeta from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Mizuho lowered their price objective on Marqeta from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Marqeta presently has an average rating of “Moderate Buy” and a consensus price target of $7.11.

Marqeta Stock Up 1.7 %

Shares of MQ stock opened at $5.34 on Monday. The firm has a market cap of $2.77 billion, a P/E ratio of -14.83 and a beta of 1.78. The company has a 50 day moving average of $5.31 and a 200-day moving average of $5.63. Marqeta, Inc. has a 12-month low of $4.40 and a 12-month high of $7.36.

Marqeta (NASDAQ:MQ) last released its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Marqeta had a negative return on equity of 11.84% and a negative net margin of 32.98%. The business had revenue of $125.30 million during the quarter, compared to the consensus estimate of $121.87 million. During the same period last year, the business posted ($0.07) earnings per share. The business’s revenue for the quarter was down 45.8% on a year-over-year basis. As a group, equities analysts expect that Marqeta, Inc. will post 0.01 EPS for the current year.

Insider Activity at Marqeta

In other news, Director Martha Cummings sold 40,241 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $5.47, for a total value of $220,118.27. Following the sale, the director now owns 19,000 shares of the company’s stock, valued at $103,930. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 12.12% of the stock is currently owned by company insiders.

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.