Creative Planning Sells 94,059 Shares of Marqeta, Inc. $MQ

Creative Planning trimmed its position in Marqeta, Inc. (NASDAQ:MQ) by 23.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,680 shares of the company’s stock after selling 94,059 shares during the quarter. Creative Planning owned 0.07% of Marqeta worth $1,776,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MQ. Strs Ohio bought a new position in Marqeta during the 1st quarter worth about $698,000. TD Asset Management Inc raised its holdings in shares of Marqeta by 62.2% in the 2nd quarter. TD Asset Management Inc now owns 622,848 shares of the company’s stock valued at $3,631,000 after purchasing an additional 238,748 shares in the last quarter. Invesco Ltd. lifted its position in shares of Marqeta by 7.6% in the 1st quarter. Invesco Ltd. now owns 5,797,217 shares of the company’s stock worth $23,885,000 after purchasing an additional 411,571 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Marqeta by 791.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 310,162 shares of the company’s stock valued at $1,808,000 after purchasing an additional 275,370 shares in the last quarter. Finally, Arnhold LLC increased its holdings in Marqeta by 11.6% during the second quarter. Arnhold LLC now owns 2,401,932 shares of the company’s stock valued at $14,003,000 after buying an additional 248,918 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

Insiders Place Their Bets

In other Marqeta news, Director Jason M. Gardner sold 31,627 shares of the business’s stock in a transaction that occurred 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 owned 15,367,373 shares of the company’s stock, valued at approximately $96,199,754.98. The trade was a 0.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.61% of the company’s stock.

Marqeta Price Performance

Shares of MQ stock opened at $4.73 on Thursday. The stock’s fifty day moving average price is $4.91 and its 200 day moving average price is $5.46. Marqeta, Inc. has a 1-year low of $3.47 and a 1-year high of $7.04. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -59.13 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Marqeta had a negative return on equity of 4.22% and a negative net margin of 6.74%.The business had revenue of $163.31 million during the quarter, compared to the consensus estimate of $148.37 million. During the same quarter last year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. Marqeta has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group lowered their target price on Marqeta from $5.75 to $5.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Zacks Research cut Marqeta from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. The Goldman Sachs Group set a $5.00 target price on Marqeta and gave the company a “sell” rating in a research note on Monday, October 13th. Keefe, Bruyette & Woods reduced their target price on shares of Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Marqeta in a research report on Monday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Marqeta currently has an average rating of “Reduce” and a consensus target price of $5.50.

Marqeta 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.