Citizens Financial Group Inc. RI Takes $460,000 Position in Marqeta, Inc. $MQ

Citizens Financial Group Inc. RI bought a new position in shares of Marqeta, Inc. (NASDAQ:MQ) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 78,971 shares of the company’s stock, valued at approximately $460,000.

Other hedge funds have also bought and sold shares of the company. Strs Ohio acquired a new position in Marqeta during the first quarter worth $698,000. Invesco Ltd. increased its position in shares of Marqeta by 7.6% during the first quarter. Invesco Ltd. now owns 5,797,217 shares of the company’s stock worth $23,885,000 after acquiring an additional 411,571 shares in the last quarter. 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 worth $3,631,000 after acquiring an additional 238,748 shares during the last quarter. Arnhold LLC lifted its position in Marqeta by 11.6% in the 2nd quarter. Arnhold LLC now owns 2,401,932 shares of the company’s stock valued at $14,003,000 after acquiring an additional 248,918 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Marqeta by 791.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 310,162 shares of the company’s stock valued at $1,808,000 after acquiring an additional 275,370 shares in the last quarter. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Activity

In other news, Director Jason M. Gardner sold 31,627 shares of Marqeta stock in a transaction 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 sale, the director directly owned 15,367,373 shares in the company, valued at $96,199,754.98. The trade was a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 12.61% of the stock is currently owned by corporate insiders.

Marqeta Stock Up 1.3%

Shares of NASDAQ MQ opened at $4.78 on Wednesday. Marqeta, Inc. has a twelve month low of $3.47 and a twelve month high of $7.04. The stock’s 50 day moving average price is $5.04 and its 200-day moving average price is $5.44. The company has a market capitalization of $2.10 billion, a PE ratio of -59.75 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The company 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%.Marqeta’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the business posted ($0.06) earnings per share. Marqeta has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group set a $5.00 price objective on Marqeta and gave the stock a “sell” rating in a report on Monday, October 13th. Zacks Research upgraded Marqeta from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Marqeta in a research note on Monday. Keefe, Bruyette & Woods cut their price objective on shares of Marqeta from $6.50 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Marqeta from $6.00 to $8.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus 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.