Marqeta, Inc. $MQ Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Marqeta, Inc. (NASDAQ:MQ) by 7.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,253,272 shares of the company’s stock after selling 103,936 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.27% of Marqeta worth $7,307,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Atria Investments Inc increased its stake in shares of Marqeta by 18.0% in the second quarter. Atria Investments Inc now owns 54,796 shares of the company’s stock worth $319,000 after buying an additional 8,374 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Marqeta by 75.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 107,262 shares of the company’s stock worth $625,000 after acquiring an additional 46,131 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Marqeta by 61.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,787 shares of the company’s stock worth $57,000 after purchasing an additional 3,737 shares during the last quarter. Cardinal Point Capital Management ULC acquired a new stake in shares of Marqeta in the 2nd quarter valued at about $186,000. Finally, Sanders Morris Harris LLC lifted its position in shares of Marqeta by 111.1% during the second quarter. Sanders Morris Harris LLC now owns 76,000 shares of the company’s stock worth $443,000 after purchasing an additional 40,000 shares during the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Marqeta Stock Performance

Shares of MQ opened at $4.74 on Friday. The firm has a fifty day moving average of $4.97 and a 200-day moving average of $5.44. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -59.25 and a beta of 1.49. Marqeta, Inc. has a 1 year low of $3.47 and a 1 year high of $7.04.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The business had revenue of $163.31 million for the quarter, compared to analysts’ expectations of $148.37 million. Marqeta had a negative net margin of 6.74% and a negative return on equity of 4.22%. The company’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) EPS. Marqeta has set its Q4 2025 guidance at EPS. Analysts predict that Marqeta, Inc. will post 0.06 EPS for the current year.

Insider Buying and Selling at Marqeta

In other news, Director Jason M. Gardner sold 31,627 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $6.26, for a total transaction of $197,985.02. Following the completion of the transaction, the director directly owned 15,367,373 shares in the company, valued at approximately $96,199,754.98. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 12.61% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on MQ shares. Weiss Ratings reissued a “sell (d)” rating on shares of Marqeta in a report on Monday. Citigroup upgraded Marqeta to a “hold” rating in a report on Thursday, October 23rd. UBS Group dropped their price target on Marqeta from $5.75 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group set a $5.00 price objective on shares of Marqeta and gave the stock a “sell” rating in a report on Monday, October 13th. Finally, Zacks Research raised shares of Marqeta from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.50.

About Marqeta

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.