Marqeta (NASDAQ:MQ) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Marqeta (NASDAQ:MQ) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

A number of other brokerages have also commented on MQ. Citigroup upgraded shares of Marqeta to a “hold” rating in a report on Thursday, October 23rd. Keefe, Bruyette & Woods dropped their price objective on Marqeta from $6.50 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marqeta in a research report on Monday, November 17th. UBS Group decreased their price target on shares of Marqeta from $5.75 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Marqeta from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $5.50.

Marqeta Stock Up 2.6%

NASDAQ MQ opened at $4.74 on Thursday. The stock has a market capitalization of $2.09 billion, a PE ratio of -59.25 and a beta of 1.49. Marqeta has a 52 week low of $3.47 and a 52 week high of $7.04. The firm has a 50 day moving average of $4.97 and a two-hundred day moving average of $5.45.

Marqeta (NASDAQ:MQ) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). Marqeta had a negative net margin of 6.74% and a negative return on equity of 4.22%. The company had revenue of $163.31 million for the quarter, compared to analyst estimates of $148.37 million. During the same quarter last year, the firm posted ($0.06) earnings per share. The business’s quarterly revenue was up 27.7% on a year-over-year basis. Marqeta has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Marqeta will post 0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Marqeta news, Director Jason M. Gardner sold 31,627 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total transaction of $197,985.02. Following the sale, the director directly owned 15,367,373 shares of the company’s stock, valued at approximately $96,199,754.98. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 12.61% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marqeta

Several institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in Marqeta by 28.6% in the first quarter. Victory Capital Management Inc. now owns 62,992 shares of the company’s stock valued at $260,000 after acquiring an additional 13,992 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Marqeta during the 1st quarter valued at approximately $62,000. TD Asset Management Inc boosted its position in Marqeta by 8.4% during the 1st quarter. TD Asset Management Inc now owns 384,100 shares of the company’s stock valued at $1,582,000 after purchasing an additional 29,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Marqeta by 12.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 138,839 shares of the company’s stock worth $572,000 after buying an additional 14,902 shares during the period. Finally, Blueshift Asset Management LLC lifted its stake in Marqeta by 23.2% in the first quarter. Blueshift Asset Management LLC now owns 12,400 shares of the company’s stock valued at $51,000 after buying an additional 2,333 shares during the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

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.