Marqeta, Inc. $MQ Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its holdings in Marqeta, Inc. (NASDAQ:MQ) by 22.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,896 shares of the company’s stock after selling 22,482 shares during the quarter. ProShare Advisors LLC’s holdings in Marqeta were worth $460,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MQ. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 buying an additional 275,370 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Marqeta during the second quarter valued at about $92,000. Fox Run Management L.L.C. purchased a new stake in shares of Marqeta in the 2nd quarter valued at approximately $308,000. Cornerstone Investment Partners LLC acquired a new position in shares of Marqeta in the 2nd quarter worth approximately $162,000. Finally, Atria Investments Inc boosted its position in shares of Marqeta by 18.0% during the 2nd quarter. Atria Investments Inc now owns 54,796 shares of the company’s stock worth $319,000 after purchasing an additional 8,374 shares during the period. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

Marqeta Stock Up 0.8%

Shares of NASDAQ:MQ opened at $4.82 on Thursday. Marqeta, Inc. has a 52 week low of $3.47 and a 52 week high of $7.04. The company has a 50-day moving average price of $5.02 and a 200 day moving average price of $5.44. The company has a market cap of $2.12 billion, a P/E ratio of -60.25 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 (EPS) for the quarter, hitting analysts’ consensus estimates 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 period in the prior year, the business posted ($0.06) EPS. The company’s revenue for the quarter was up 27.7% on a year-over-year basis. Marqeta has set its Q4 2025 guidance at EPS. Analysts expect that Marqeta, Inc. will post 0.06 EPS for the current year.

Insider Activity

In other news, Director Jason M. Gardner sold 31,627 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total value of $197,985.02. Following the completion of the transaction, the director owned 15,367,373 shares in the company, valued at $96,199,754.98. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on MQ shares. Citigroup raised shares of Marqeta to a “hold” rating in a research note on Thursday, October 23rd. UBS Group decreased their target price on Marqeta from $5.75 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised their price objective on Marqeta from $6.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. The Goldman Sachs Group set a $5.00 target price on shares of Marqeta and gave the company a “sell” rating in a report on Monday, October 13th. Finally, Keefe, Bruyette & Woods reduced their price objective on Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Marqeta currently has an average 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.