Marqeta (NASDAQ:MQ) Price Target Lowered to $5.00 at UBS Group

by · The Cerbat Gem

Marqeta (NASDAQ:MQ – Free Report) had its price target reduced by UBS Group from $5.75 to $5.00 in a research note released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently issued reports on MQ. Keefe, Bruyette & Woods decreased their price objective on Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a report on Wednesday, October 1st. JPMorgan Chase & Co. lifted 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. Zacks Research upgraded Marqeta from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Marqeta in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Marqeta in a research note on Thursday, July 17th. They issued a “hold” rating and a $6.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.50.

Get Our Latest Analysis on MQ

Marqeta Trading Down 5.1%

Shares of MQ stock traded down $0.25 during trading hours on Thursday, hitting $4.63. The company’s stock had a trading volume of 8,243,424 shares, compared to its average volume of 5,968,688. The stock has a market cap of $2.08 billion, a PE ratio of -57.88 and a beta of 1.49. Marqeta has a 12-month low of $3.47 and a 12-month high of $7.04. The company has a 50 day moving average of $5.25 and a 200 day moving average of $5.37.

Marqeta (NASDAQ:MQ – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Marqeta had a negative net margin of 6.74% and a negative return on equity of 4.08%. The firm had revenue of $163.31 million during the quarter, compared to analysts’ expectations of $148.37 million. During the same quarter last year, the company posted ($0.06) earnings per share. The firm’s revenue was up 27.7% compared to the same quarter last year. Marqeta has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Marqeta will post 0.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Todd Pollak sold 116,493 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $6.19, for a total transaction of $721,091.67. Following the completion of the sale, the executive owned 364,525 shares of the company’s stock, valued at $2,256,409.75. The trade was a 24.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jason M. Gardner sold 31,627 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total transaction of $197,985.02. Following the completion of the transaction, the director directly owned 15,367,373 shares in the company, valued at $96,199,754.98. This represents a 0.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 12.61% of the stock is currently owned by company insiders.

Institutional Trading of Marqeta

A number of hedge funds have recently bought and sold shares of MQ. Allspring Global Investments Holdings LLC grew its holdings in shares of Marqeta by 44.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 67,579 shares of the company’s stock valued at $287,000 after purchasing an additional 20,909 shares during the period. Strs Ohio acquired a new position in Marqeta in the 1st quarter valued at about $698,000. Invesco Ltd. grew its stake in shares of Marqeta by 7.6% in the 1st quarter. Invesco Ltd. now owns 5,797,217 shares of the company’s stock valued at $23,885,000 after buying an additional 411,571 shares during the period. TD Asset Management Inc increased its holdings in shares of Marqeta by 62.2% during the 2nd quarter. TD Asset Management Inc now owns 622,848 shares of the company’s stock worth $3,631,000 after buying an additional 238,748 shares during the last quarter. Finally, Arnhold LLC raised its position in shares of Marqeta by 11.6% during the 2nd 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. Institutional investors and hedge funds own 78.64% of the company’s stock.

About Marqeta

(Get Free Report)

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.

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