Marqeta, Inc. $MQ Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL grew its holdings in shares of Marqeta, Inc. (NASDAQ:MQ) by 1,078.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,405,491 shares of the company’s stock after purchasing an additional 1,286,258 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Marqeta were worth $7,421,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Marqeta during the 3rd quarter worth $26,000. CTC Alternative Strategies Ltd. acquired a new stake in Marqeta during the 3rd quarter worth $55,000. AQR Capital Management LLC acquired a new stake in Marqeta during the 1st quarter worth $57,000. Campbell & CO Investment Adviser LLC acquired a new stake in Marqeta during the 3rd quarter worth $60,000. Finally, Prelude Capital Management LLC acquired a new stake in Marqeta during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

Insider Activity at Marqeta

In related news, Director Judson C. Linville purchased 25,570 shares of Marqeta stock in a transaction dated Friday, February 27th. The shares were acquired at an average price of $3.93 per share, for a total transaction of $100,490.10. Following the acquisition, the director directly owned 104,220 shares in the company, valued at approximately $409,584.60. The trade was a 32.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 12.61% of the stock is currently owned by corporate insiders.

Marqeta Stock Down 0.2%

NASDAQ MQ opened at $3.99 on Wednesday. Marqeta, Inc. has a 52 week low of $3.66 and a 52 week high of $7.04. The business’s fifty day simple moving average is $4.06 and its 200-day simple moving average is $4.54. The firm has a market cap of $1.70 billion, a PE ratio of -133.00 and a beta of 1.39.

Marqeta (NASDAQ:MQ) last posted its quarterly earnings results on Tuesday, February 24th. The company reported $0.00 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.01. Marqeta had a negative return on equity of 1.62% and a negative net margin of 2.23%.The business had revenue of $172.11 million for the quarter, compared to analyst estimates of $167.05 million. During the same quarter in the previous year, the firm earned ($0.05) EPS. The company’s quarterly revenue was up 26.7% compared to the same quarter last year. Research analysts expect that Marqeta, Inc. will post 0.06 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group lowered their target price on shares of Marqeta from $5.00 to $4.25 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marqeta in a research note on Friday, March 27th. Wolfe Research cut shares of Marqeta from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 8th. Mizuho reiterated a “neutral” rating and set a $4.50 price target (down from $8.00) on shares of Marqeta in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. initiated coverage on Marqeta in a report on Tuesday, February 17th. They set an “overweight” rating and a $6.00 price target on the stock. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $5.14.

Marqeta Company Profile

Marqeta is a modern card issuing and payment processing platform that enables businesses to design, launch and manage customized payment cards. The company offers a fully programmable open API that allows clients to create virtual, physical and tokenized payment cards with real-time transaction controls and dynamic spend limits. By leveraging Marqeta’s infrastructure, companies can streamline their payment operations, reduce time to market and deliver tailored payment experiences to end consumers.

Founded in 2010 and headquartered in Oakland, California, Marqeta was established by CEO Jason Gardner with the goal of transforming traditional card issuance through cloud-native technology.