15,766 Shares in Marqeta, Inc. $MQ Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC bought a new position in Marqeta, Inc. (NASDAQ:MQ) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 15,766 shares of the company’s stock, valued at approximately $92,000.

Several other large investors have also recently bought and sold shares of MQ. Price T Rowe Associates Inc. MD grew its holdings in shares of Marqeta by 126.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 41,097,173 shares of the company’s stock worth $169,322,000 after purchasing an additional 22,928,070 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Marqeta during the 1st quarter worth approximately $6,154,000. Nuveen LLC bought a new stake in Marqeta during the 1st quarter worth approximately $5,420,000. T. Rowe Price Investment Management Inc. increased its position in Marqeta by 3.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 19,860,183 shares of the company’s stock valued at $81,824,000 after acquiring an additional 631,132 shares during the period. Finally, Kettle Hill Capital Management LLC bought a new position in shares of Marqeta during the first quarter valued at $2,372,000. 78.64% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 transaction, the director directly owned 15,367,373 shares of the company’s stock, valued at $96,199,754.98. This represents a 0.21% decrease in their ownership of the stock. The sale 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 insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MQ shares. Weiss Ratings reissued a “sell (d)” rating on shares of Marqeta in a research note on Monday. JPMorgan Chase & Co. upped their price target on Marqeta from $6.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Keefe, Bruyette & Woods lowered their price objective on Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. UBS Group cut their price objective on Marqeta from $5.75 to $5.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Citigroup raised shares of Marqeta to a “hold” rating in a research report on Thursday, October 23rd. One investment 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 company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.50.

Marqeta Price Performance

Shares of Marqeta stock opened at $4.78 on Wednesday. The stock’s 50-day moving average is $5.04 and its 200 day moving average is $5.44. Marqeta, Inc. has a one year low of $3.47 and a one year high of $7.04. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -59.75 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $148.37 million. Marqeta had a negative return on equity of 4.22% and a negative net margin of 6.74%.The firm’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. Marqeta has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

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.