264,729 Shares in Marqeta, Inc. $MQ Acquired by Donor Advised Charitable Giving Inc.

Donor Advised Charitable Giving Inc. purchased a new position in shares of Marqeta, Inc. (NASDAQ:MQ) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 264,729 shares of the company’s stock, valued at approximately $1,257,000. Marqeta comprises about 0.0% of Donor Advised Charitable Giving Inc.’s holdings, making the stock its 17th largest holding. Donor Advised Charitable Giving Inc. owned 0.06% of Marqeta at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MQ. Quarry LP bought a new stake in shares of Marqeta during the third quarter worth approximately $26,000. CTC Alternative Strategies Ltd. bought a new stake in shares of Marqeta during the third quarter worth approximately $55,000. AQR Capital Management LLC bought a new stake in Marqeta in the first quarter valued at about $57,000. Campbell & CO Investment Adviser LLC acquired a new position in Marqeta in the third quarter valued at about $60,000. Finally, Prelude Capital Management LLC acquired a new position in Marqeta in the third quarter valued at about $62,000. 78.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. assumed coverage on Marqeta in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $6.00 target price on the stock. Mizuho reissued a “neutral” rating and issued a $4.50 target price (down from $8.00) on shares of Marqeta in a research note on Thursday, January 8th. Wolfe Research lowered Marqeta from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Morgan Stanley lowered their target price on shares of Marqeta from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Marqeta in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $5.14.

Insider Buying and Selling at Marqeta

In related news, Director Judson C. Linville purchased 25,570 shares of Marqeta stock in a transaction dated Friday, February 27th. The stock was bought at an average price of $3.93 per share, for a total transaction of $100,490.10. Following the completion of the acquisition, the director directly owned 104,220 shares of the company’s stock, valued at $409,584.60. This represents a 32.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 12.61% of the stock is owned by company insiders.

Marqeta Stock Down 3.3%

Shares of MQ stock opened at $3.85 on Friday. Marqeta, Inc. has a 12-month low of $3.70 and a 12-month high of $7.04. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -128.33 and a beta of 1.39. The firm has a fifty day moving average of $4.05 and a 200-day moving average of $4.52.

Marqeta (NASDAQ:MQ) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.01. Marqeta had a negative net margin of 2.23% and a negative return on equity of 1.62%. The company had revenue of $172.11 million during the quarter, compared to analyst estimates of $167.05 million. During the same quarter in the previous year, the business earned ($0.05) EPS. The firm’s revenue was up 26.7% on a year-over-year basis. Research analysts expect that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Marqeta Company Profile

Marqeta is a modern card issuing and payment processing platform that enables businesses to design, launch and manage customized payment cards. The company offers a fully programmable open API that allows clients to create virtual, physical and tokenized payment cards with real-time transaction controls and dynamic spend limits. By leveraging Marqeta’s infrastructure, companies can streamline their payment operations, reduce time to market and deliver tailored payment experiences to end consumers.

Founded in 2010 and headquartered in Oakland, California, Marqeta was established by CEO Jason Gardner with the goal of transforming traditional card issuance through cloud-native technology.