Marqeta (NASDAQ:MQ) Director Elaine Paul Sells 18,148 Shares of Stock

Marqeta, Inc. (NASDAQ:MQ) Director Elaine Paul sold 18,148 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $3.80, for a total transaction of $68,962.40. Following the completion of the transaction, the director owned 35,602 shares of the company’s stock, valued at approximately $135,287.60. This represents a 33.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Elaine Paul also recently made the following trade(s):

• On Tuesday, April 21st, Elaine Paul sold 17,452 shares of Marqeta stock. The shares were sold at an average price of $4.47, for a total transaction of $78,010.44.

Marqeta Stock Performance

Shares of MQ stock opened at $3.89 on Wednesday. Marqeta, Inc. has a 52-week low of $3.70 and a 52-week high of $7.04. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 389.39 and a beta of 1.32. The firm has a fifty day moving average of $4.07 and a 200-day moving average of $4.27.

Marqeta (NASDAQ:MQ) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter. Marqeta had a net margin of 0.33% and a return on equity of 0.27%. The company had revenue of $165.80 million during the quarter, compared to analysts’ expectations of $164.30 million. During the same quarter in the prior year, the company posted ($0.02) EPS. The business’s revenue was up 19.2% on a year-over-year basis. On average, sell-side analysts predict that Marqeta, Inc. will post 0.04 earnings per share for the current year.

Institutional Investors Weigh In On Marqeta

Large investors have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Marqeta in the 3rd quarter worth about $26,000. EFG International AG bought a new stake in shares of Marqeta in the 4th quarter worth about $27,000. CWM LLC grew its holdings in shares of Marqeta by 82.2% in the 4th quarter. CWM LLC now owns 6,254 shares of the company’s stock worth $30,000 after purchasing an additional 2,821 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Marqeta in the 1st quarter worth about $27,000. Finally, Leonteq Securities AG bought a new stake in shares of Marqeta in the 4th quarter worth about $33,000. Institutional investors own 78.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MQ shares. Morgan Stanley dropped their price objective on shares of Marqeta from $6.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. JPMorgan Chase & Co. started coverage on shares of Marqeta in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $6.00 price objective for the company. UBS Group increased their price objective on shares of Marqeta from $4.25 to $4.75 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marqeta in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Marqeta presently has a consensus rating of “Reduce” and an average price target of $5.22.

About Marqeta

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.