SBI Securities Co. Ltd. Sells 20,727 Shares of Marqeta, Inc. $MQ

SBI Securities Co. Ltd. decreased its position in shares of Marqeta, Inc. (NASDAQ:MQ) by 8.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 225,301 shares of the company’s stock after selling 20,727 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Marqeta were worth $1,314,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in Marqeta by 126.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 41,097,173 shares of the company’s stock valued at $169,322,000 after buying an additional 22,928,070 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Marqeta by 3.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 19,860,183 shares of the company’s stock worth $81,824,000 after purchasing an additional 631,132 shares during the period. Invesco Ltd. grew its holdings in shares of Marqeta by 7.6% during the first quarter. Invesco Ltd. now owns 5,797,217 shares of the company’s stock worth $23,885,000 after buying an additional 411,571 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Marqeta by 11.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,478,666 shares of the company’s stock worth $14,332,000 after purchasing an additional 351,794 shares during the last quarter. Finally, Arnhold LLC increased its stake in Marqeta by 11.6% in the 2nd quarter. Arnhold LLC now owns 2,401,932 shares of the company’s stock valued at $14,003,000 after buying an additional 248,918 shares during the last quarter. 78.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MQ has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Marqeta from $6.50 to $6.00 and set a “market perform” rating on the stock in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Marqeta in a research note on Thursday, July 17th. They issued a “hold” rating and a $6.00 price target for the company. The Goldman Sachs Group set a $5.00 target price on shares of Marqeta and gave the company 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 note on Thursday, August 7th. 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 assigned a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.50.

Insider Buying and Selling

In other Marqeta 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 owned 15,367,373 shares in the company, 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 at this link. Insiders own 12.61% of the company’s stock.

Marqeta Trading Down 1.4%

Shares of MQ stock opened at $4.96 on Friday. The stock has a 50 day simple moving average of $5.12 and a 200 day simple moving average of $5.41. Marqeta, Inc. has a 1 year low of $3.47 and a 1 year high of $7.04. The stock has a market cap of $2.22 billion, a P/E ratio of -62.00 and a beta of 1.49.

Marqeta (NASDAQ:MQ) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $163.31 million during the quarter, compared to analysts’ expectations of $148.37 million. Marqeta had a negative net margin of 6.74% and a negative return on equity of 4.22%. Marqeta’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) earnings per share. Marqeta has set its Q4 2025 guidance at EPS. Analysts forecast that Marqeta, Inc. will post 0.06 EPS for the current year.

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.