Los Angeles Capital Management LLC Makes New $92,000 Investment in Marqeta, Inc. $MQ

Los Angeles Capital Management LLC acquired a new stake in shares of Marqeta, Inc. (NASDAQ:MQ) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 15,766 shares of the company’s stock, valued at approximately $92,000.

A number of other institutional investors also recently modified their holdings of MQ. Blueshift Asset Management LLC lifted its holdings 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 purchasing an additional 2,333 shares in the last quarter. Arizona State Retirement System raised its holdings in Marqeta by 3.2% during the first quarter. Arizona State Retirement System now owns 120,131 shares of the company’s stock worth $495,000 after buying an additional 3,734 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Marqeta by 61.8% in the second quarter. Nisa Investment Advisors LLC now owns 9,787 shares of the company’s stock valued at $57,000 after buying an additional 3,737 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Marqeta by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,445 shares of the company’s stock valued at $278,000 after buying an additional 6,771 shares during the last quarter. Finally, Atria Investments Inc increased its position in shares of Marqeta by 18.0% during the second quarter. Atria Investments Inc now owns 54,796 shares of the company’s stock worth $319,000 after acquiring an additional 8,374 shares in the last quarter. 78.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Marqeta

In related news, 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 sale, the director owned 15,367,373 shares in the company, valued at approximately $96,199,754.98. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 12.61% of the company’s stock.

Analyst Ratings Changes

MQ has been the topic of several recent research reports. Zacks Research raised shares of Marqeta from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Citigroup upgraded Marqeta to a “hold” rating in a report on Thursday, October 23rd. The Goldman Sachs Group set a $5.00 price target on Marqeta and gave the stock a “sell” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Marqeta in a research report on Monday. Finally, UBS Group cut their price objective on shares of Marqeta from $5.75 to $5.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. One equities 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 issued a Sell rating to the stock. According to MarketBeat, Marqeta currently has a consensus rating of “Hold” and an average price target of $5.50.

Marqeta Trading Up 1.3%

Shares of Marqeta stock opened at $4.78 on Wednesday. The business’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $5.44. Marqeta, Inc. has a 12 month low of $3.47 and a 12 month high of $7.04. The firm has a market capitalization of $2.10 billion, a P/E ratio of -59.75 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm 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%.The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) EPS. Marqeta has set its Q4 2025 guidance at EPS. Analysts predict that Marqeta, Inc. will post 0.06 EPS for the current fiscal year.

Marqeta Company Profile

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.