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

Marqeta (NASDAQ:MQ) had its price objective decreased by equities researchers at UBS Group from $5.75 to $5.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 3.41% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Marqeta in a report on Wednesday, October 8th. Zacks Research raised Marqeta from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group set a $5.00 price target on Marqeta and gave the stock a “sell” rating in a research note on Monday, October 13th. JPMorgan Chase & Co. upped their price objective on Marqeta from $6.00 to $8.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Keefe, Bruyette & Woods reduced their target price on Marqeta from $6.50 to $6.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.50.

Marqeta Stock Performance

Shares of MQ traded up $0.36 during mid-day trading on Thursday, hitting $4.84. 8,824,434 shares of the stock were exchanged, compared to its average volume of 5,936,079. The company has a market cap of $2.17 billion, a PE ratio of -37.19 and a beta of 1.49. Marqeta has a 52-week low of $3.47 and a 52-week high of $7.04. The firm has a 50-day moving average of $5.28 and a two-hundred day moving average of $5.38.

Marqeta (NASDAQ:MQ) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $163.31 million during the quarter, compared to analyst estimates of $148.37 million. Marqeta had a negative net margin of 11.69% and a negative return on equity of 6.45%. Marqeta’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) earnings per share. Marqeta has set its Q4 2025 guidance at EPS. On average, sell-side analysts predict that Marqeta will post 0.06 EPS for the current year.

Insider Activity at Marqeta

In related news, Director Jason M. Gardner sold 31,627 shares of Marqeta stock in a transaction that occurred 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 trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Todd Pollak sold 116,493 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $6.19, for a total transaction of $721,091.67. Following the sale, the executive directly owned 364,525 shares of the company’s stock, valued at $2,256,409.75. The trade was a 24.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 12.61% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marqeta

A number of institutional investors have recently added to or reduced their stakes in the stock. Blueshift Asset Management LLC increased its stake in shares of Marqeta by 23.2% in the 1st quarter. Blueshift Asset Management LLC now owns 12,400 shares of the company’s stock worth $51,000 after acquiring an additional 2,333 shares during the last quarter. Jasper Ridge Partners L.P. boosted its holdings in Marqeta by 3.1% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 95,244 shares of the company’s stock valued at $555,000 after purchasing an additional 2,839 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Marqeta by 3.2% in the 1st quarter. Arizona State Retirement System now owns 120,131 shares of the company’s stock valued at $495,000 after buying an additional 3,734 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Marqeta by 61.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,787 shares of the company’s stock worth $57,000 after buying an additional 3,737 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Marqeta by 1.4% during the 2nd quarter. Cerity Partners LLC now owns 294,854 shares of the company’s stock valued at $1,719,000 after buying an additional 3,993 shares during the period. Hedge funds and other institutional investors own 78.64% of the company’s stock.

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.