27,753 Shares in Marqeta, Inc. $MQ Purchased by Cornerstone Investment Partners LLC

Cornerstone Investment Partners LLC purchased a new stake in Marqeta, Inc. (NASDAQ:MQ) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 27,753 shares of the company’s stock, valued at approximately $162,000.

Several other hedge funds have also recently bought and sold shares of MQ. Allspring Global Investments Holdings LLC increased its stake in shares of Marqeta by 44.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 67,579 shares of the company’s stock worth $287,000 after purchasing an additional 20,909 shares during the period. Teacher Retirement System of Texas acquired a new position in Marqeta in the 1st quarter valued at $252,000. Arizona State Retirement System increased its position in Marqeta by 3.2% during the 1st 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 period. Victory Capital Management Inc. lifted its holdings in shares of Marqeta by 28.6% during the first quarter. Victory Capital Management Inc. now owns 62,992 shares of the company’s stock worth $260,000 after buying an additional 13,992 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Marqeta in the first quarter valued at about $62,000. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Marqeta in a research report on Thursday, July 17th. They set a “hold” rating and a $6.00 price target on the stock. UBS Group lowered their target price on shares of Marqeta from $5.75 to $5.00 and set a “neutral” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of Marqeta from $6.50 to $6.00 and set a “market perform” rating for the company in a research report on Wednesday, October 1st. The Goldman Sachs Group set a $5.00 price target on Marqeta and gave the stock a “sell” rating in a research report on Monday, October 13th. Finally, Zacks Research raised Marqeta from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.50.

Marqeta Trading Up 8.9%

NASDAQ MQ opened at $4.88 on Friday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -61.00 and a beta of 1.49. The firm’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $5.37. Marqeta, Inc. has a 1 year low of $3.47 and a 1 year high of $7.04.

Marqeta (NASDAQ:MQ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) EPS for the quarter, meeting 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 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 previous year, the business earned ($0.06) earnings per share. The company’s revenue was up 27.7% on a year-over-year basis. Marqeta has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Marqeta, Inc. will post 0.06 earnings per share for the current year.

Insider Activity

In other news, Director Jason M. Gardner sold 31,627 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $6.26, for a total value of $197,985.02. Following the sale, the director directly owned 15,367,373 shares in the company, valued at approximately $96,199,754.98. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Todd Pollak sold 116,493 shares of Marqeta 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 in the company, valued at $2,256,409.75. This trade represents a 24.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 12.61% of the company’s stock.

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.